Closing Bell: Nifty 50 Edges Down; IT Stocks Decline, FII Inflows Offer Support | 05 Aug 2026, 03:45 PM IST
By ThePip Desk
The Nifty 50 concluded Wednesday’s session with a marginal −0.18% dip to 24570.20. Despite the index decline, market breadth remained positive, indicating resilience in the broader market. FII inflows provided crucial support.
The Indian equity benchmarks concluded Wednesday’s session with the Nifty 50 registering a marginal decline, while broader markets showed resilience. The Nifty 50 closed at 24570.20, down −44.70 points or −0.18%. The Nifty Bank index also ended in negative territory, shedding −277.45 points (−0.48%) to settle at 57629.75. In contrast, the NIFTY Midcap 100 managed a slight gain, closing at 63507.00, up +15.40 points or +0.02%.
Index Performance at a Glance
| Index | Close | Change | Change (%) |
|---|---|---|---|
| Nifty 50 | 24570.20 | −44.70 | −0.18% |
| Nifty Bank | 57629.75 | −277.45 | −0.48% |
| NIFTY Midcap 100 | 63507.00 | +15.40 | +0.02% |
Market Breadth and Key Movers
Despite the Nifty 50’s modest decline, market breadth remained positive, indicating underlying strength in a majority of Nifty constituents. Out of the 50 stocks on the Nifty 50 index, 31 advanced, while 19 declined. This translates to 62% of Nifty stocks closing in the green, suggesting a selective buying interest across various sectors.
Among the top gainers, Shriram Finance Ltd. led the pack, surging +2.69% to ₹1116.5. This strong performance followed the company’s announcement of a 60% jump in Q1 consolidated net profit, with total consolidated income increasing by 16.26% to ₹13,418.74 crore for Q1FY27. Grasim Industries Ltd. also saw significant traction, rising +2.46% to ₹3215.3 after its arm signed a definitive agreement to acquire Solenergi Power, valuing the business at an enterprise value of ₹17,200 crore. Hero MotoCorp Ltd. gained +2.38% to ₹5680, buoyed by the introduction of its VIDA EVOOTER VX2 Go FB and its entry into the German market through a distribution partnership.
Conversely, the IT sector faced headwinds, with HCL Technologies Ltd. emerging as the top loser, down −2.18% to ₹1340. Tata Consultancy Services Ltd. followed, declining −1.86% to ₹2414.2. Other notable losers included Apollo Hospitals Enterprise Ltd. (−1.65%) and Bajaj Finserv Ltd. (−1.19%).
Top Movers: Gainers and Losers
| Company | Close (₹) | Change (%) |
|---|---|---|
| Top 10 Gainers | ||
| Shriram Finance Ltd. (SHRIRAMFIN) | 1116.5 | +2.69% |
| Grasim Industries Ltd. (GRASIM) | 3215.3 | +2.46% |
| Hero MotoCorp Ltd. (HEROMOTOCO) | 5680 | +2.38% |
| JSW Steel Ltd. (JSWSTEEL) | 1330 | +2.31% |
| Hindalco Industries Ltd. (HINDALCO) | 1035.55 | +1.52% |
| Larsen & Toubro Ltd. (LT) | 4047 | +1.43% |
| NTPC Ltd. (NTPC) | 348.2 | +1.32% |
| Ultratech Cement Ltd. (ULTRACEMCO) | 12190 | +1.16% |
| Interglobe Aviation Ltd. (INDIGO) | 5419 | +1.14% |
| State Bank Of India (SBIN) | 1054.5 | +1.13% |
| Top 10 Losers | ||
| HCL Technologies Ltd. (HCLTECH) | 1340 | −2.18% |
| Tata Consultancy Services Ltd. (TCS) | 2414.2 | −1.86% |
| Apollo Hospitals Enterprise Ltd. (APOLLOHOSP) | 8900.5 | −1.65% |
| Bajaj Finserv Ltd. (BAJAJFINSV) | 2080 | −1.19% |
| SBI Life Insurance Company Ltd. (SBILIFE) | 1876.8 | −1.17% |
| JIO Financial Services Ltd. (JIOFIN) | 261.95 | −1.15% |
| Oil & Natural Gas Corporation Ltd. (ONGC) | 239.4 | −1.07% |
| Sun Pharmaceutical Industries Ltd. (SUNPHARMA) | 1944.5 | −0.99% |
| HDFC Bank Ltd. (HDFCBANK) | 734.65 | −0.99% |
| Coal India Ltd. (COALINDIA) | 413.8 | −0.91% |
Institutional Flows
Foreign Institutional Investors (FIIs) continued their buying streak, infusing +₹2446.47 crore into the Indian markets on Wednesday. This marks the third consecutive session of net FII inflows. Domestic Institutional Investors (DIIs), however, were net sellers, offloading equities worth −₹936.14 crore during the session.
Looking ahead, market participants will closely monitor global cues and the continuation of institutional flow trends for further direction. The resilience shown by the broader market despite Nifty’s dip suggests a selective approach by investors.