NIFTY50, SENSEX today: Wall Street cues, FII activity, key things to know before markets open on July 29

The Indian equity benchmarks are set to stage a gap opening on Wednesday, July 29, as indicated by GIFT NIFTY futures. NIFTY futures at GIFT City in Gandhinagar surged 135 points to 24,235 amid mixed cues from Asian markets.

The Indian equity benchmarks resumed their downward journey after a day's pause in the previous session dragged down by losses in FMCG heavyweight Hindustan Unilever after its June quarter earnings failed to impress investors. However, the downside was capped owing to buying interest in information technology (IT) shares.

The SENSEX ended 70 points lower at 76,765.92 and NIFTY50 index declined 11 points to settle at 23,985.35.

Asian markets

Asian markets were trading on a mixed note on Wednesday as selloff in chipmakers deepened on rising anxiety about AI valuations and rising competition ahead of US Federal Reserve policy decision.

South Korea's KOSPI index dropped 7.4%, Japan's Nikkei fell 1.64%, China's Shanghai Composite declined 0.54% and Hong Kong's Hang Seng advanced 1.5%.

Wall Street update

Most of US stocks ended higher rose Tuesday, even as shares of computer chipmakers continued to tumble across the globe. Oil prices, meanwhile, eased further from the two-month high they hit last week.

Dow Jones Industrial Average rose 1.03%, S&P 500 index advanced 0.21% while tech heavy Nasdaq index dropped 0.22%.

FII/DII activity

Foreign institutional investors (FIIs) bought shares worth ₹755 crore on Tuesday while domestic institutional investors bought stocks worth ₹1,664 crore, as per NSE data.

FIIs have so far this year sold shares worth ₹2,64,095 crore, data from National Securities Depository Limited (NSDL) showed.

Stocks to watch

The company had posted a profit of ₹30.4 crore in the same period a year ago.

The company's revenue from operations increased more than twofold to ₹819.6 crore during the reported quarter from ₹301.2 crore in the June 2025 quarter.

The company had posted consolidated net profit of ₹3,617.19 crore in the year-ago period.

The consolidated revenue from operations of the company during the first quarter rose to ₹67,941.74 crore from ₹63,678.92 crore in the year-ago period.

Consequently, Shatmanyu Shrivastava, Executive Director (Finance & Accounts) has been appointed as Chief Financial Officer effective July 28, 2026, LIC said in a regulatory filing.

Prior to taking over charge as Executive Director (Finance & Accounts) & Chief Financial Officer, Shrivastava was working as Executive Director (Enterprise Risk Management) and Chief Risk Officer.

The Tata group company had reported a net profit of ₹990 crore in the year-ago period.

The net interest income of the company increased 25% year-on-year to ₹3,571 crore in the June quarter on the back of a 22% expansion in the assets under management to ₹2.91 lakh crore.

Under the proposed transaction, Go Digit Infoworks Services, the holding company of Go Digit General Insurance, will be amalgamated with the insurer, which will be the surviving entity, the regulator said in a release.

Go Digit Infoworks is not engaged in any market-facing business activity in India or overseas, while Go Digit General Insurance provides various general and health insurance products and services in India, with a specialised focus on general insurance.