Closing Bell: Nifty Jumps Over 1% to 24238 as JIOFIN, HUL, Infosys Lead Rally | 29 Jul 2026, 03:45 PM IST
By ThePip Desk
Indian equities closed Wednesday higher, with the Nifty 50 gaining +252.70 points to settle at 24238.05. Broad market participation and robust institutional buying underpinned the strong session.
Indian equity benchmarks concluded Wednesday’s trading session firmly in the green, with the Nifty 50 registering a significant gain. The index advanced +252.70 points, or +1.05%, to close at 24238.05, marking a strong rebound. Market breadth remained decisively positive, with 31 out of 50 Nifty constituents advancing against 19 declines, indicating broad-based participation across the index.
Market Snapshot
| Index | Close | Change | Change% |
|---|---|---|---|
| Nifty 50 | 24238.05 | +252.70 | +1.05% |
| Nifty Bank | 57186.50 | +430.90 | +0.76% |
| NIFTY Midcap 100 | 62838.25 | +486.75 | +0.78% |
Top Performers and Laggards
Among the Nifty 50 constituents, JIO Financial Services Ltd. led the gains, surging +4.84% to ₹248.55. Hindustan Unilever Ltd. followed with a +4.65% increase, closing at ₹2116.7, while Infosys Ltd. advanced +4.52% to ₹1155.7. Other notable gainers included Hindalco Industries Ltd. (+2.90%) and Tata Steel Ltd. (+2.64%).
Conversely, Adani Ports and Special Economic Zone Ltd. was the top laggard, declining −3.02% to ₹1721.1. Mahindra & Mahindra Ltd. also saw a dip of −1.55%, closing at ₹3220.4. Bharat Petroleum Corporation Ltd. (−0.84%) and Eicher Motors Ltd. (−0.82%) were among other stocks that ended in the red.
| Top 10 Gainers | Price (₹) | Change (%) |
|---|---|---|
| JIO Financial Services Ltd. (JIOFIN) | 248.55 | +4.84% |
| Hindustan Unilever Ltd. (HINDUNILVR) | 2116.7 | +4.65% |
| Infosys Ltd. (INFY) | 1155.7 | +4.52% |
| Hindalco Industries Ltd. (HINDALCO) | 963.55 | +2.90% |
| Tata Steel Ltd. (TATASTEEL) | 187.45 | +2.64% |
| Larsen & Toubro Ltd. (LT) | 3929.7 | +2.55% |
| Trent Ltd. (TRENT) | 3004.6 | +2.52% |
| JSW Steel Ltd. (JSWSTEEL) | 1275.9 | +2.33% |
| Bharti Airtel Ltd. (BHARTIARTL) | 1945 | +2.27% |
| Cipla Ltd. (CIPLA) | 1473.4 | +1.99% |
| Top 10 Losers | Price (₹) | Change (%) |
|---|---|---|
| Adani Ports and Special Economic Zone Ltd. (ADANIPORTS) | 1721.1 | −3.02% |
| Mahindra & Mahindra Ltd. (M&M) | 3220.4 | −1.55% |
| Bharat Petroleum Corporation Ltd. (BPCL) | 317.35 | −0.84% |
| Eicher Motors Ltd. (EICHERMOT) | 7771.5 | −0.82% |
| Power Grid Corporation Of India Ltd. (POWERGRID) | 283.2 | −0.74% |
| HDFC Life Insurance Company Ltd. (HDFCLIFE) | 556.35 | −0.43% |
| Oil & Natural Gas Corporation Ltd. (ONGC) | 237.99 | −0.39% |
| Bharat Electronics Ltd. (BEL) | 387.55 | −0.37% |
| Bajaj Auto Ltd. (BAJAJ-AUTO) | 11335 | −0.34% |
| Hero MotoCorp Ltd. (HEROMOTOCO) | 5141.1 | −0.26% |
Institutional Flow Supports Market
Foreign Institutional Investors (FIIs) turned net buyers today, injecting +₹755.33 crore into the Indian equity market, a notable shift from their net selling of −₹1688.23 crore on Tuesday and −₹3892.77 crore on Friday. Domestic Institutional Investors (DIIs) continued their robust buying streak, adding +₹1664.16 crore, following +₹2329.14 crore on Tuesday and +₹5453.55 crore on Friday. This combined institutional support significantly contributed to the day’s positive momentum.
Key Stock Drivers
JIO Financial Services Ltd. (JIOFIN) saw its shares climb following the announcement of a robust Q1FY27 performance. The company reported an over two-fold jump in consolidated net profit, with its consolidated total income surging +223.59% to ₹2,004.54 crore.
Hindustan Unilever Ltd. (HINDUNILVR) also witnessed strong buying interest despite reporting a 3% decline in Q1 consolidated net profit. The stock’s positive movement came as the company’s consolidated total income increased by +9.84% to ₹17,529 crore for Q1FY27.
Infosys Ltd. (INFY) shares rallied after the company announced the successful migration of NTN Corporation’s e-commerce platform to SAP Commerce Cloud. This collaboration highlights Infosys’s expanding presence in the Japanese market.
As markets look ahead, participants will monitor global cues and any further corporate earnings announcements. The sustained buying by domestic institutions, coupled with FIIs turning net buyers, indicates a potentially supportive environment for the near term.