Closing Bell: Nifty Closes Flat as IT Stocks Surge, FMCG Drags; DIIs Provide Support | 28 Jul 2026, 03:45 PM IST
By ThePip Desk
Nifty 50 records a marginal gain, closing at 24004.20 amid a mixed session. Strong performances in IT countered significant declines in FMCG, while DIIs offered crucial support.
The Indian equity market concluded Tuesday’s session with the Nifty 50 posting a marginal gain of +8.25 points, or +0.03%, to close at 24004.20. Market breadth favored advances, with 31 out of 50 Nifty stocks closing in positive territory, indicating underlying strength despite the index’s flat movement. The broader NIFTY Midcap 100 also registered gains, rising +0.14% to 62391.55.
Index Performance Overview
| Index | Close | Change | Change% |
|---|---|---|---|
| Nifty 50 | 24004.20 | +8.25 | +0.03% |
| Nifty Bank | 56851.45 | −235.75 | −0.41% |
| NIFTY Midcap 100 | 62391.55 | +87.90 | +0.14% |
While the Nifty 50 saw a slight uptick, the Nifty Bank index faced headwinds, closing −0.41% lower at 56851.45. This divergence highlights sector-specific movements dominating the session.
IT Sector Shines, FMCG Under Pressure
The Information Technology sector emerged as the day’s top performer, surging +3.25%. Major IT players contributed significantly to the Nifty’s positive breadth. Tata Consultancy Services (TCS) led the charge among large caps, gaining +4.25% to ₹2393.1 following the launch of its CBG Gemini Experience Center in Kolkata. Tech Mahindra (TECHM) also saw robust gains of +3.77% to ₹1634.4, buoyed by a new partnership with Cisco and the inauguration of its CAX studio in Hyderabad. Infosys and HCL Technologies also closed higher by +2.47% and +1.59% respectively.
Conversely, the FMCG sector was the biggest laggard, declining −1.36%. Hindustan Unilever Ltd. (HINDUNILVR) experienced a sharp fall of −7.03% to ₹2021.8, significantly impacting the sector’s performance. Other notable losers included Bharat Electronics Ltd. (−4.41%) and Coal India Ltd. (−4.06%).
Top Movers
| Company | Close (₹) | Change (%) |
|---|---|---|
| Gainers | ||
| Eternal Ltd. (ETERNAL) | 308.75 | +4.36% |
| Tata Consultancy Services Ltd. (TCS) | 2393.1 | +4.25% |
| Tech Mahindra Ltd. (TECHM) | 1634.4 | +3.77% |
| Nestle India Ltd. (NESTLEIND) | 1490.3 | +3.06% |
| Cipla Ltd. (CIPLA) | 1445 | +2.53% |
| Losers | ||
| Hindustan Unilever Ltd. (HINDUNILVR) | 2021.8 | −7.03% |
| Bharat Electronics Ltd. (BEL) | 389.2 | −4.41% |
| Coal India Ltd. (COALINDIA) | 410.15 | −4.06% |
| Tata Consumer Products Ltd. (TATACONSUM) | 1083.9 | −2.12% |
| NTPC Ltd. (NTPC) | 343.6 | −2.05% |
Eternal Ltd. (ETERNAL) was a standout performer, jumping +4.36% after reporting a significant over three-fold jump in Q1 consolidated net profit, with total income surging 173.71%.
FIIs Continue Selling, DIIs Provide Cushion
Foreign Institutional Investors (FIIs) remained net sellers for the session, offloading equities worth −₹1688.23 crore. Domestic Institutional Investors (DIIs), however, continued to provide crucial support to the market, recording net purchases of +₹2329.14 crore. This trend of DII buying offsetting FII selling has been observed in recent sessions, with FIIs selling −₹3892.77 crore on July 24 and −₹2999.23 crore on July 23, while DIIs bought +₹5453.55 crore and +₹2947.14 crore on those respective days.
As the market looks towards tomorrow’s open, participants will closely monitor global cues and any further corporate announcements. The sustained buying by DIIs remains a key factor in balancing FII outflows.