Closing Bell: Nifty 50 Dips as IT Stocks Rally; Trent Plunges on Broad Market Weakness | 07 Jul 2026, 03:45 PM IST
By ThePip Desk
Indian equities close lower today with the Nifty 50 settling at 24368.70, a −0.25% decline. Strong gains in IT stocks were offset by significant drops in other sectors, notably Trent’s −12.60% fall.
The Indian equity market concluded Tuesday’s session on a subdued note, with the Nifty 50 registering a decline of −61.65 points, or −0.25%, to close at 24368.70. The broader market also saw weakness, as the Nifty Bank fell −133.10 points (−0.23%) to 58158.40, and the NIFTY Midcap 100 dropped −218.80 points (−0.35%) to 62252.70. Despite the index declines, market breadth within the Nifty 50 was positive, with 31 stocks advancing against 19 declines, indicating that 62% of the constituent stocks moved higher.
Index Performance
| Name | Close | Change | Change% |
|---|---|---|---|
| Nifty 50 | 24368.70 | −61.65 | −0.25% |
| Nifty Bank | 58158.40 | −133.10 | −0.23% |
| NIFTY Midcap 100 | 62252.70 | −218.80 | −0.35% |
Sectoral Overview
The Information Technology sector emerged as the standout performer, closing with a robust gain of +2.43%, with major IT services companies driving this upward momentum. This strong performance was a key factor in limiting the overall market’s downside. Conversely, other sectors experienced declines across the board. The weakest performing sector dropped by −1.49%, followed by sectors that fell −0.79%, −0.47%, −0.15%, −0.14%, and −0.04%, contributing to the broader market’s negative sentiment and highlighting a divergence in sectoral performance.
Top Nifty 50 Movers
Among the Nifty 50 constituents, HCL Technologies led the pack, surging +3.14% to ₹1169.8. The company’s shares rallied following news of a strategic partnership with a Europe-headquartered Fortune Global 50 firm, an agreement estimated at $1.14 billion, underscoring investor confidence in its growth trajectory. Infosys also saw significant gains, rising +2.86% to ₹1072, driven by strategic collaborations with Sentara focusing on AI trust and an expanded partnership with GlobalFoundries to manage its end-to-end application and infrastructure operations. Tech Mahindra advanced +2.69% to ₹1444.3, benefiting from a partnership with Adroit Associates for large-scale supply chain transformation and its arm’s pact to acquire Alyis Servicos Tecnicos for approximately ₹2.21 crore. Other notable gainers included Titan Company Ltd. (+2.44%), SBI Life Insurance Company Ltd. (+2.38%), Eternal Ltd. (+2.08%), Tata Consultancy Services Ltd. (+1.83%), HDFC Life Insurance Company Ltd. (+1.45%), JIO Financial Services Ltd. (+1.36%), and Bajaj Finance Ltd. (+0.93%).
On the downside, Trent Ltd. experienced a sharp decline of −12.60%, closing at ₹2922.4, making it the top Nifty 50 loser and exerting significant downward pressure. Adani Enterprises followed, falling −3.17% to ₹3105, and Adani Ports and Special Economic Zone dropped −1.78% to ₹1831.2. Other significant losers included Bharat Electronics Ltd. (−1.60%), Cipla Ltd. (−1.44%), Tata Motors Passenger Vehicles Ltd. (−1.43%), Max Healthcare Institute Ltd. (−1.32%), Larsen & Toubro Ltd. (−1.31%), Reliance Industries Ltd. (−1.25%), and Hindalco Industries Ltd. (−1.11%).
| Company | Close (₹) | Change (%) |
|---|---|---|
| Gainers | ||
| HCL Technologies Ltd. (HCLTECH) | 1169.8 | +3.14% |
| Infosys Ltd. (INFY) | 1072 | +2.86% |
| Tech Mahindra Ltd. (TECHM) | 1444.3 | +2.69% |
| Titan Company Ltd. (TITAN) | 4593.7 | +2.44% |
| SBI Life Insurance Company Ltd. (SBILIFE) | 1830.3 | +2.38% |
| Losers | ||
| Trent Ltd. (TRENT) | 2922.4 | −12.60% |
| Adani Enterprises Ltd. (ADANIENT) | 3105 | −3.17% |
| Adani Ports and Special Economic Zone Ltd. (ADANIPORTS) | 1831.2 | −1.78% |
| Bharat Electronics Ltd. (BEL) | 418.75 | −1.60% |
| Cipla Ltd. (CIPLA) | 1451.1 | −1.44% |
Institutional Flows
Foreign Institutional Investors (FIIs) were net buyers today, injecting +₹243.03 crore into the Indian equity market. Domestic Institutional Investors (DIIs) also showed strong buying interest, with net purchases amounting to +₹3791.42 crore. This combined institutional support helped mitigate further losses despite the overall negative close.
Outlook for Tomorrow
As the market looks ahead to Wednesday’s session, investors will monitor global cues and any further stock-specific developments following today’s mixed performance.