Closing Bell: Nifty 50 Closes Higher, Led by FMCG and Auto; IT Sector Drags | 01 Jul 2026, 03:45 PM IST
By ThePip Desk
Nifty 50 advanced +0.56% to 23998.60 today, supported by strong gains in FMCG and Auto. Despite broad market strength, the IT sector faced significant selling pressure.
The Indian equity markets concluded Wednesday’s trading session on a positive note, with the Nifty 50 advancing by +132.85 points, or +0.56%, to settle at 23998.60. This upward movement was mirrored across broader indices, as the Nifty Bank gained +444.25 points (+0.77%) to reach 57987.15, and the NIFTY Midcap 100 rose +184.25 points (+0.30%) to close at 61981.95. Market breadth indicated a positive sentiment, with 31 out of 50 Nifty 50 constituents ending the day in the green, translating to 62% of the index stocks recording advances against 19 declines.
Index Performance
| Name | Close | Change | Change% |
|---|---|---|---|
| Nifty 50 | 23998.60 | +132.85 | +0.56% |
| Nifty Bank | 57987.15 | +444.25 | +0.77% |
| NIFTY Midcap 100 | 61981.95 | +184.25 | +0.30% |
Sectoral Performance
Sectoral performance was varied throughout the session. Several sectors demonstrated robust growth, with one leading the pack with a significant gain of +3.68%. Other strong performers included sectors rising +2.14%, +1.18%, +0.92%, and +0.85%. In contrast, the Information Technology (IT) sector experienced a notable downturn, emerging as the biggest laggard with a decline of −2.06%. Another sector also closed in negative territory, registering a loss of −0.60%.
Top Nifty 50 Movers
| Company | Close (₹) | Change% |
|---|---|---|
| Gainers | ||
| Eternal Ltd. (ETERNAL) | 279.85 | +5.76% |
| Adani Enterprises Ltd. (ADANIENT) | 3145.8 | +3.62% |
| Nestle India Ltd. (NESTLEIND) | 1455.6 | +3.59% |
| Hindustan Unilever Ltd. (HINDUNILVR) | 2186.4 | +3.22% |
| Asian Paints Ltd. (ASIANPAINT) | 2716.2 | +3.05% |
| Adani Ports and Special Economic Zone Ltd. (ADANIPORTS) | 1850.5 | +2.23% |
| Mahindra & Mahindra Ltd. (M&M) | 3132.4 | +2.07% |
| Maruti Suzuki India Ltd. (MARUTI) | 14404 | +2.05% |
| Kotak Mahindra Bank Ltd. (KOTAKBANK) | 400 | +1.98% |
| State Bank Of India (SBIN) | 1046.1 | +1.87% |
| Losers | ||
| HCL Technologies Ltd. (HCLTECH) | 1034 | −3.53% |
| Tech Mahindra Ltd. (TECHM) | 1362.4 | −3.01% |
| Tata Consultancy Services Ltd. (TCS) | 1981.9 | −2.44% |
| Hindalco Industries Ltd. (HINDALCO) | 939.1 | −1.83% |
| Tata Steel Ltd. (TATASTEEL) | 185.1 | −1.57% |
| Infosys Ltd. (INFY) | 984.7 | −1.57% |
| Dr. Reddy’s Laboratories Ltd. (DRREDDY) | 1338.5 | −1.37% |
| Larsen & Toubro Ltd. (LT) | 4093.9 | −1.19% |
| Tata Motors Passenger Vehicles Ltd. (TMPV) | 348 | −1.19% |
| Coal India Ltd. (COALINDIA) | 434.5 | −1.04% |
Among the Nifty 50 constituents, Eternal Ltd., Adani Enterprises, and Nestle India were the top gainers, reflecting positive investor sentiment in these specific counters. Conversely, HCL Technologies, Tech Mahindra, and Tata Consultancy Services led the declines, underscoring the broader weakness observed in the IT sector today.
Institutional Activity
Foreign Institutional Investors (FIIs) continued their selling streak, offloading equities worth −2556.75 crore in the cash segment today. This follows a net outflow of −1350.1 crore on the previous trading day, June 30, 2026. Providing a crucial counter-balance, Domestic Institutional Investors (DIIs) demonstrated strong buying interest, injecting +6842.34 crore into the market. DIIs have consistently been net buyers, with their activity on June 30, 2026, showing net purchases of +2801.45 crore, and on June 25, 2026, with +5747.75 crore.
Key Stock-Specific Developments
In individual stock movements, Eternal Ltd. (ETERNAL) emerged as the top Nifty gainer, closing up +5.76% following a disclosure from the company. Adani Enterprises Ltd. (ADANIENT) also saw significant traction, rising +3.62%. This surge came after news that its Joint Venture successfully acquired a 100% stake in Madhuvanti Build Estate, an acquisition aimed at setting up infrastructure facilities. Meanwhile, Nestle India Ltd. (NESTLEIND) recorded a gain of +3.59%, with the company informing about its Business Responsibility and Sustainability Report (BRSR) and annual report.
Looking ahead, market participants will closely monitor the trajectory of institutional flows, particularly the sustained DII support against FII outflows. Any fresh corporate announcements or global cues emerging overnight will also be key factors to watch before the market opens tomorrow.