Closing Bell: Nifty Edges Up Marginally; Reliance, Banks Drive Gains Amidst Broader Weakness | 06 Aug 2026, 03:45 PM IST
Key Highlights
The Nifty 50 concluded Thursday’s session with a marginal gain, closing at 24627.95. Banking heavyweights and Reliance Industries provided crucial support, offsetting declines in midcaps and other sectors.
Indian equity benchmarks witnessed a mixed session on Thursday, August 06, 2026, with the closing marginally higher. The benchmark index settled at 24627.95, posting a modest gain of +3.30 points, or +0.01%. In contrast, the Nifty Bank index showed stronger momentum, advancing +268.00 points (+0.46%) to close at 58007.95. However, the broader market saw declines, with the NIFTY Midcap 100 index shedding −297.65 points (−0.47%) to end at 63307.60. Market breadth on the Nifty 50 was positive, with 31 stocks advancing against 19 declines, indicating underlying strength in frontline names.
Index Performance at a Glance
| Name | Close | Change | Change% |
|---|---|---|---|
| Nifty 50 | 24627.95 | +3.30 | +0.01% |
| Nifty Bank | 58007.95 | +268.00 | +0.46% |
| NIFTY Midcap 100 | 63307.60 | −297.65 | −0.47% |
Key Movers: Large Caps Drive Direction
The session saw significant contributions from heavyweight stocks. Reliance Industries Ltd. (+3.20%) led the Nifty gainers, closing at ₹1321. This surge followed reports of its arm adding 21.47 lakh subscribers in June, expanding its total customer base to over 50.36 crore, alongside the launch of the AJIO Beauty platform. State Bank of India (+2.90%) also performed strongly, settling at ₹1085.6, buoyed by updates on additional tier 1 bond allotment and an . Bharat Electronics Ltd. (+2.36%) closed at ₹399.2, driven by an MoU with Esri India Technologies for cooperation in surge deployment. Other significant advancers included Eternal Ltd. (+1.98%) and Titan Company Ltd. (+1.67%).
Conversely, Power Grid Corporation Of India Ltd. emerged as the top laggard among Nifty 50 stocks, declining −3.89% to ₹270.8. The auto sector faced selling pressure, with Hero MotoCorp Ltd. falling −1.93% to ₹5580 and Bajaj Auto Ltd. dropping −1.81% to ₹11586. Metal and energy stocks also saw declines, including JSW Steel Ltd. (−1.80%), Tata Steel Ltd. (−1.76%), and NTPC Ltd. (−1.44%). IT major Tata Consultancy Services Ltd. (−1.58%) and telecom giant Bharti Airtel Ltd. (−1.56%) also contributed to the downside.
Top Gainers and Losers (Nifty 50)
| Company | Close (₹) | Change (%) |
|---|---|---|
| Gainers | ||
| Reliance Industries Ltd. | 1321 | +3.20% |
| State Bank Of India | 1085.6 | +2.90% |
| Bharat Electronics Ltd. | 399.2 | +2.36% |
| Eternal Ltd. | 316.5 | +1.98% |
| Titan Company Ltd. | 4994.3 | +1.67% |
| Losers | ||
| Power Grid Corporation Of India Ltd. | 270.8 | −3.89% |
| Hero MotoCorp Ltd. | 5580 | −1.93% |
| Bajaj Auto Ltd. | 11586 | −1.81% |
| JSW Steel Ltd. | 1306 | −1.80% |
| Tata Motors Passenger Vehicles Ltd. | 343.5 | −1.80% |
Institutional Flow: DIIs Provide Crucial Support
(DIIs) maintained their buying momentum, injecting a substantial ₹2883.17 crore into the Indian equity market on Thursday. This strong domestic buying provided a significant counterbalance to (FIIs), who were net sellers for the session, withdrawing ₹943.42 crore. This divergence in institutional activity highlights the continued domestic conviction amidst cautious foreign participation.
Ahead of Tomorrow’s
As the market approaches Friday’s trading session, the resilience of key large-cap stocks and the sustained support from DIIs will be critical factors to observe. Investors should monitor global market trends and any emerging domestic news for further direction.