Closing Bell: Nifty 50 Closes Higher, HCL Tech Surges on Major $1.14 Billion Deal | 03 Jul 2026, 03:45 PM IST
By ThePip Desk
The Nifty 50 advanced +92.35 points to 24268.05 today, marking a mixed session. HCL Technologies led gains following a significant $1.14 billion strategic partnership announcement.
The Indian equity market concluded Friday’s session with the Nifty 50 recording gains, primarily driven by strong performance in select large-cap IT stocks. The benchmark Nifty 50 closed at 24268.05, up +92.35 points, or +0.38%. In contrast, the Nifty Bank index ended lower, shedding −91.75 points (−0.16%) to settle at 57939.90. The broader NIFTY Midcap 100 also saw a decline, closing at 62188.70, down −119.20 points (−0.19%). Market breadth for the Nifty 50 was positive, with 31 stocks advancing against 19 declines, indicating that 62% of the index components moved higher.
Index Performance Overview
| Index | Close | Change | Change (%) |
|---|---|---|---|
| Nifty 50 | 24268.05 | +92.35 | +0.38% |
| Nifty Bank | 57939.90 | −91.75 | −0.16% |
| NIFTY Midcap 100 | 62188.70 | −119.20 | −0.19% |
Top Movers and Sectoral Trends
HCL Technologies Ltd. (HCLTECH) emerged as the top gainer, surging +5.53% to ₹1137.7. This rally followed news of the company signing a strategic partnership with a Europe-headquartered Fortune Global 50 firm, with the initial term of the agreement estimated at $1.14 billion. Other significant gainers included Apollo Hospitals Enterprise Ltd. (+2.39%), Max Healthcare Institute Ltd. (+2.39%), and Bajaj Finserv Ltd. (+2.21%).
| Company | Close (₹) | Change (%) |
|---|---|---|
| HCL Technologies Ltd. | 1137.7 | +5.53% |
| Apollo Hospitals Enterprise Ltd. | 8904 | +2.39% |
| Max Healthcare Institute Ltd. | 1154.3 | +2.39% |
| Bajaj Finserv Ltd. | 1896.7 | +2.21% |
| Dr. Reddy’s Laboratories Ltd. | 1375 | +2.18% |
| Sun Pharmaceutical Industries Ltd. | 1907.9 | +1.97% |
| Bharti Airtel Ltd. | 1909.6 | +1.85% |
| Ultratech Cement Ltd. | 11726 | +1.65% |
| Bajaj Finance Ltd. | 1033.1 | +1.44% |
| Eicher Motors Ltd. | 7344 | +1.30% |
On the downside, Axis Bank Ltd. (AXISBANK) was the top loser, declining −1.50% to ₹1342.1. Other prominent losers included Mahindra & Mahindra Ltd. (−1.27%), State Bank Of India (−1.23%), and Larsen & Toubro Ltd. (−0.85%).
| Company | Close (₹) | Change (%) |
|---|---|---|
| Axis Bank Ltd. | 1342.1 | −1.50% |
| Mahindra & Mahindra Ltd. | 3135.2 | −1.27% |
| State Bank Of India | 1038.7 | −1.23% |
| Larsen & Toubro Ltd. | 4025 | −0.85% |
| Tech Mahindra Ltd. | 1410 | −0.80% |
| Bajaj Auto Ltd. | 9783.5 | −0.75% |
| Adani Ports and Special Economic Zone Ltd. | 1870.2 | −0.69% |
| HDFC Life Insurance Company Ltd. | 567.75 | −0.63% |
| Kotak Mahindra Bank Ltd. | 396.95 | −0.59% |
| NTPC Ltd. | 356.15 | −0.59% |
Sectoral performance was mixed. Some segments recorded gains of +2.23%, +1.79%, +1.72%, +0.04%, and +0.03%. Conversely, other segments saw declines of −0.45% and −1.62%.
Institutional Activity
In terms of institutional flows, Foreign Institutional Investors (FIIs) remained net sellers for the day, offloading equities worth −₹311.82 crore. Domestic Institutional Investors (DIIs), however, provided support to the market, emerging as net buyers with an inflow of +₹1784.4 crore. This trend of DII buying offsetting FII selling has been observed in recent sessions, with FIIs selling −₹1140.5 crore and DIIs buying +₹3159.24 crore on July 1, and FIIs selling −₹2556.75 crore against DII buying of +₹6842.34 crore on June 30.
Ahead for Monday
As the market heads into the weekend, participants will closely monitor global cues and any fresh domestic developments that may influence sentiment for the next trading week.