Share Market Today: Nifty 50, Bank Nifty | July 31, 2026 - Liquide Blog
The Indian equity markets witnessed a volatile trading session on July 31, 2026, with both the Nifty 50 and Bank Nifty indices showing mixed trends. According to the latest data from the Liquide Blog, the Nifty 50 opened on a positive note but soon faced selling pressure as investors booked profits at higher levels. The index, which had been hovering around the 24,800 mark in the previous session, attempted to breach the 25,000 psychological level but failed to sustain the momentum. Analysts suggest that the market is in a consolidation phase, awaiting fresh triggers from global cues and domestic macroeconomic data.
Bank Nifty, on the other hand, displayed relative strength, driven by buying interest in private sector banking stocks. The index managed to hold above its key support zone, with notable gains in select heavyweight counters. The volatility index, India VIX, remained elevated, indicating cautious sentiment among traders. Market participants are closely monitoring the movement of the rupee against the US dollar, as well as crude oil prices, which have a significant impact on the domestic market. The upcoming monthly expiry has added to the volatility, with options writers active at various strike prices.
According to market analysts, the near-term trend for the Nifty 50 is likely to remain range-bound, with immediate support at 24,600 and resistance at 25,200. A breakout above this range could trigger a fresh rally, while a fall below the support level may lead to further correction.
From a sectoral perspective, IT and FMCG stocks witnessed profit booking, while metal and energy shares gained on the back of strong global demand. The broader market indices, including the Nifty Midcap 100 and Smallcap 100, outperformed the benchmark indices, indicating healthy participation from retail investors. However, the overall market breadth remained slightly negative, with more declines than advances on the BSE.
| Index | Previous Close | Current Level | Change (%) |
|---|---|---|---|
| Nifty 50 | 24,780.50 | 24,850.20 | +0.28% |
| Bank Nifty | 52,340.75 | 52,610.30 | +0.51% |
| India VIX | 12.85 | 13.20 | +2.72% |
The data indicates that the Nifty 50 gained 69.70 points, while Bank Nifty added 269.55 points. The rise in India VIX suggests that traders are hedging their positions ahead of the expiry. Analysts advise investors to stay cautious and focus on stock-specific moves rather than taking directional bets. They also recommend keeping a strict stop-loss in place for intraday trades.
Looking ahead, the market will take cues from global developments, including the US Federal Reserve's policy stance and corporate earnings from major Indian companies. The monsoon progress and its impact on the agricultural sector will also be watched closely. For now, the market remains in a wait-and-watch mode, with traders looking for fresh triggers to determine the next directional move.
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