Closing Bell: Nifty 50 Dips -0.45% as TCS Leads IT Slide; Nifty Bank Gains | 12 Aug 2026, 03:45 PM IST
By ThePip Desk
Indian equities closed mixed on Wednesday, 12 August 2026. The Nifty 50 settled at 24361.70, declining -0.45%, primarily driven by significant losses in IT heavyweights. Nifty Bank, however, saw gains.
Indian equity benchmarks concluded Wednesday, 12 August 2026, on a mixed note, reflecting divergent trends across key indices. These are the final settled closing figures for the session. The bellwether Nifty 50 settled at 24361.70, registering a notable fall of −110.00 points, or −0.45%, primarily weighed down by significant declines in heavyweight IT stocks. In contrast, the Nifty Bank index demonstrated resilience, advancing by +325.10 points to close at 57771.35, a +0.57% increase, providing some counter-balance to the broader market weakness. The NIFTY Midcap 100 also ended in negative territory, down −73.20 points or −0.11%, closing at 63770.65, indicating a cautious sentiment among mid-cap stocks.
Index Performance
| Index | Close | Change | Change (%) |
|---|---|---|---|
| Nifty 50 | 24361.70 | −110.00 | −0.45% |
| Nifty Bank | 57771.35 | +325.10 | +0.57% |
| NIFTY Midcap 100 | 63770.65 | −73.20 | −0.11% |
Top Movers
The day’s trading saw a clear divergence in individual stock performance. Among the Nifty 50 constituents, Hindalco Industries Ltd., a prominent metals player, led the pack of gainers, followed by banking giant State Bank of India and the newly listed Jio Financial Services Ltd. These stocks provided crucial support amidst broader market pressures. Conversely, the technology sector faced considerable headwinds, with IT major Tata Consultancy Services Ltd. experiencing the steepest decline. Max Healthcare Institute Ltd. and Apollo Hospitals Enterprise Ltd. also saw significant corrections, contributing to the Nifty’s downward trajectory.
| Company | Close (₹) | Change (%) |
|---|---|---|
| Hindalco Industries Ltd. (HINDALCO) | 1072.0 | +2.18% |
| State Bank Of India (SBIN) | 1080.5 | +1.36% |
| JIO Financial Services Ltd. (JIOFIN) | 254.8 | +0.81% |
| Interglobe Aviation Ltd. (INDIGO) | 5310.0 | +0.49% |
| Ultratech Cement Ltd. (ULTRACEMCO) | 11835.0 | +0.47% |
| Power Grid Corporation Of India Ltd. (POWERGRID) | 269.0 | +0.39% |
| Nestle India Ltd. (NESTLEIND) | 1498.8 | +0.38% |
| Eicher Motors Ltd. (EICHERMOT) | 8022.0 | +0.28% |
| Bharti Airtel Ltd. (BHARTIARTL) | 1917.5 | +0.12% |
| Bajaj Auto Ltd. (BAJAJ-AUTO) | 11731.0 | +0.12% |
| Company | Close (₹) | Change (%) |
|---|---|---|
| Tata Consultancy Services Ltd. (TCS) | 2339.0 | −4.36% |
| Max Healthcare Institute Ltd. (MAXHEALTH) | 1006.8 | −3.19% |
| Apollo Hospitals Enterprise Ltd. (APOLLOHOSP) | 8567.0 | −2.10% |
| Tata Steel Ltd. (TATASTEEL) | 185.0 | −1.73% |
| Tata Motors Passenger Vehicles Ltd. (TMPV) | 342.0 | −1.61% |
| Infosys Ltd. (INFY) | 1171.8 | −1.59% |
| Tata Consumer Products Ltd. (TATACONSUM) | 1060.9 | −1.59% |
| Mahindra & Mahindra Ltd. (M&M) | 3417.0 | −1.25% |
| JSW Steel Ltd. (JSWSTEEL) | 1268.6 | −1.15% |
| Bajaj Finserv Ltd. (BAJAJFINSV) | 2009.6 | −1.10% |
Key Stock Highlights
Several individual stocks garnered attention due to specific corporate developments. Hindalco Industries Ltd. closed +2.18% higher at ₹1072, following the company’s communication regarding a press release and an important update to the exchanges. State Bank of India (SBIN) also saw positive momentum, gaining +1.36% to settle at ₹1080.5. The public sector lender informed about a statement of deviation/variation and progress on raising additional Tier 1 bonds, which likely bolstered investor confidence. A standout performer was Jio Financial Services Ltd. (JIOFIN), which surged +0.81% to ₹254.8. This strong performance came after the company reported an impressive over two-fold jump in its Q1 consolidated net profit. Its consolidated total income for the quarter surged 223.59% to ₹2,004.54 crore in Q1FY27, as detailed in its annual report submission, signaling robust financial health.
FII and DII Activity
In terms of institutional flows, Foreign Institutional Investors (FIIs) maintained their buying streak, recording a net inflow of ₹258.55 crore into the Indian equity markets on Wednesday. Domestic Institutional Investors (DIIs) also contributed positively, albeit with a more modest net buying figure of ₹24.77 crore. This continued institutional support indicates underlying confidence in select segments of the market despite the broader index’s decline.
Outlook
As the market looks towards Thursday’s session, participants will closely monitor global economic indicators and any fresh domestic corporate announcements. The performance of key sectors, particularly IT and banking, will be crucial in determining the market’s immediate direction.