Closing Bell: Nifty 50 Dips Marginally; Midcaps Show Resilience Amidst FII Outflows | 21 Jul 2026, 03:45 PM IST
By ThePip Desk
Indian equities closed Tuesday’s session with Nifty 50 down 0.22% at 24185.85, while midcaps defied the trend. Persistent FII selling was largely absorbed by domestic institutional buying.
The Indian equity market concluded Tuesday’s trading session on a subdued note for frontline indices, with the Nifty 50 registering a marginal decline. The benchmark index closed at 24185.85, down 52.65 points or 0.22%. Similarly, the Nifty Bank index also saw a dip, ending at 57820.05, a decrease of 124.95 points or 0.22%.
In contrast, the broader market displayed resilience, with the NIFTY Midcap 100 index advancing by 189.10 points or +0.30% to close at 62990.85. Market breadth within the Nifty 50 was positive, with 31 stocks advancing against 19 declines, indicating underlying strength in a majority of the index constituents despite the headline dip.
Index Performance Overview
| Name | Close | Change | Change (%) |
|---|---|---|---|
| Nifty 50 | 24185.85 | −52.65 | −0.22% |
| Nifty Bank | 57820.05 | −124.95 | −0.22% |
| NIFTY Midcap 100 | 62990.85 | +189.10 | +0.30% |
Top Gainers and Losers
Among the Nifty 50 constituents, Shriram Finance Ltd. led the gainers, surging by +2.78% to close at ₹1064.2, following an announcement regarding the allotment of equity shares. Eicher Motors Ltd. also posted strong gains, up +1.84% to ₹7702.5, after reporting a 27% growth in June motorcycle sales, with models up to 350 cc seeing a 36% increase in sales. Other notable gainers included Bajaj Finserv Ltd. (+2.16%) and Ultratech Cement Ltd. (+1.56%).
Conversely, several heavyweight stocks weighed down the indices. HDFC Bank Ltd. was the top laggard, declining by −2.09% to ₹761.35. State Bank Of India followed, down −1.59% at ₹1043.1, contributing significantly to the Nifty Bank’s decline. Reliance Industries Ltd. also saw a drop of −1.50% to ₹1303.2. IT majors Tata Consultancy Services Ltd. (−1.34%) and Infosys Ltd. (−1.28%) also ended in the red.
Institutional Activity
Foreign Institutional Investors (FIIs) continued their selling streak, offloading equities worth ₹1121.04 crore on Tuesday. This marks a consistent trend of FII outflows, with net selling of ₹376.41 crore on July 20 and a significant ₹4205.56 crore on July 16. Counteracting this, Domestic Institutional Investors (DIIs) remained net buyers, infusing ₹1312.03 crore into the market today. DIIs have consistently supported the market, with net purchases of ₹1017.89 crore on July 20 and ₹2986.41 crore on July 16.
Outlook for Tomorrow
As the market approaches Wednesday’s session, the divergence between large-cap underperformance and mid-cap resilience, coupled with persistent FII selling offset by DII buying, will be key factors to monitor. Investors will continue to watch institutional flow trends and any further stock-specific developments.