Closing Bell: Nifty Holds Steady as IT Sector Leads Gains Amid Broad Market Stability | 13 Jul 2026, 03:45 PM IST
By ThePip DeskNifty 50 closes at 24202.40 with a marginal −0.02% dip. Positive market breadth and strong IT sector performance underpinned the session.
Indian equity markets concluded Monday’s session with the Nifty 50 registering a marginal −4.50 points, or −0.02%, to close at 24202.40. Despite the benchmark’s flat close, market breadth remained positive, with 31 out of 50 Nifty stocks advancing, indicating broader participation.
Index Performance
While the Nifty 50 saw a slight dip, the Nifty Bank index posted gains, closing at 58119.00 with a +73.10 point or +0.13% rise. The NIFTY Midcap 100 also edged higher, closing at 63054.60, up +17.80 points or +0.03%.
| Index | Close | Change | Change% |
|---|---|---|---|
| Nifty 50 | 24202.40 | −4.50 | −0.02% |
| Nifty Bank | 58119.00 | +73.10 | +0.13% |
| NIFTY Midcap 100 | 63054.60 | +17.80 | +0.03% |
IT Sector Shines
The Information Technology sector was the standout performer, surging +3.57%. This was largely driven by robust gains in major IT companies. Tata Consultancy Services Ltd. (TCS) led the pack, climbing +5.40% to ₹2180.7. The company announced an expanding collaboration with ABB, acting as a strategic programme partner to design, integrate, and run ABB’s global network ecosystem. HCL Technologies Ltd. (HCLTECH) also saw significant traction, rising +4.84% to ₹1220.5, following news of a strategic partnership with a Europe-headquartered Fortune Global 50 firm, valued at an estimated $1.14 billion. Tech Mahindra Ltd. (TECHM) gained +3.35% to ₹1503.5, bolstered by a partnership with Adroit Associates for supply chain transformation and its arm’s acquisition of Alyis Servicos Tecnicos for ₹2.21 crore.
Other notable IT gainers included Infosys Ltd. (INFY) up +3.07% and Wipro Ltd. (WIPRO) advancing +1.69%.
Top Movers and Sectoral Trends
Beyond IT, Bajaj Auto Ltd. (BAJAJ-AUTO) was a top gainer, up +2.25%, contributing to the Auto sector’s +0.45% rise. NTPC Ltd. (NTPC) and Oil & Natural Gas Corporation Ltd. (ONGC) also posted solid gains of +1.89% and +1.45% respectively. Kotak Mahindra Bank Ltd. (KOTAKBANK) rose +1.79%, supporting the Financial Services sector which gained +0.13%.
| Company | Price (₹) | Change% |
|---|---|---|
| Top 10 Gainers | ||
| Tata Consultancy Services Ltd. (TCS) | 2180.7 | +5.40% |
| HCL Technologies Ltd. (HCLTECH) | 1220.5 | +4.84% |
| Tech Mahindra Ltd. (TECHM) | 1503.5 | +3.35% |
| Infosys Ltd. (INFY) | 1100.8 | +3.07% |
| Bajaj Auto Ltd. (BAJAJ-AUTO) | 10384 | +2.25% |
| NTPC Ltd. (NTPC) | 351.05 | +1.89% |
| Kotak Mahindra Bank Ltd. (KOTAKBANK) | 384.35 | +1.79% |
| Wipro Ltd. (WIPRO) | 178.42 | +1.69% |
| Oil & Natural Gas Corporation Ltd. (ONGC) | 248.51 | +1.45% |
| Tata Motors Passenger Vehicles Ltd. (TMPV) | 341.95 | +1.18% |
| Top 10 Losers | ||
| Grasim Industries Ltd. (GRASIM) | 3141 | −2.26% |
| Tata Steel Ltd. (TATASTEEL) | 187.12 | −2.13% |
| Nestle India Ltd. (NESTLEIND) | 1428.8 | −1.81% |
| Eternal Ltd. (ETERNAL) | 284.9 | −1.64% |
| Interglobe Aviation Ltd. (INDIGO) | 5228.5 | −1.57% |
| Ultratech Cement Ltd. (ULTRACEMCO) | 11550 | −1.37% |
| Tata Consumer Products Ltd. (TATACONSUM) | 1099.2 | −1.14% |
| Maruti Suzuki India Ltd. (MARUTI) | 13696 | −1.14% |
| Bharat Electronics Ltd. (BEL) | 410.3 | −1.10% |
| Adani Ports and Special Economic Zone Ltd. (ADANIPORTS) | 1809.8 | −1.00% |
Conversely, the Metals sector experienced a decline of −0.97%, with Tata Steel Ltd. (TATASTEEL) being a significant drag, falling −2.13%. Grasim Industries Ltd. (GRASIM) was the top Nifty loser, down −2.26%. Other sectors that closed in negative territory included FMCG (−0.17%) and Consumer Durables (−0.01%).
FII and DII Activity
Foreign Institutional Investors (FIIs) were net buyers today, injecting +2603.72 crore into the market. Domestic Institutional Investors (DIIs) also showed strong buying interest, with net purchases of +2019.68 crore. This positive institutional flow follows FII net buying of +1962.8 crore on July 8th, though FIIs were net sellers on July 9th with −532.86 crore.
Key Takeaways
The market’s resilience, despite the Nifty’s flat close, was largely attributed to the robust performance of the IT sector and positive institutional flows. Investors will be closely watching global cues and any further corporate developments from key sectors for direction in tomorrow’s trading session.