Market Highlights: Nifty 50 Hovers Near 24,100; IT Stocks Drive Gains, Banks See Slight Dip | 28 Aug 2026, 02:00 PM IST

As of Friday, 28 August 2026, intraday, Indian equity benchmarks are presenting a mixed picture in the afternoon trading session. The benchmark Nifty 50 is trading with marginal gains, indicating cautious optimism among investors, while the Nifty Bank index is experiencing a slight pullback. Meanwhile, the broader market, as reflected by the NIFTY Midcap 100, shows positive momentum, suggesting that buying interest is selective and focused on specific segments.

Major Indices Snapshot

Here’s a detailed look at how the key indices are performing mid-session:

Index	Current	Change	% Change
Nifty 50	24111.80	+21 pts	+0.09%
Nifty Bank	57380.40	-130 pts	-0.23%
NIFTY Midcap 100	64087.00	+52 pts	+0.08%

The Nifty 50 is currently trading at 24111.80, registering a modest gain of +21 points, which translates to an increase of +0.09%. This indicates a relatively flat but positive movement for the frontline index. In contrast, the Nifty Bank index is observing a decline, trading at 57380.40, down by -130 points or -0.23%, reflecting some pressure on banking stocks. The NIFTY Midcap 100, however, is showing more strength, gaining +52 points to trade at 64087.00, an uptick of +0.08%, highlighting robust performance in the mid-cap segment.

Top Movers

The market is witnessing distinct movements among individual stocks, with the Information Technology sector notably driving gains, while other sectors face selling pressure.

Top 5 Gainers

Stock	Current Price	Change	% Change
Tata Consultancy Services Ltd. (TCS)	₹2340	+91.60 pts	+4.07%
Tech Mahindra Ltd. (TECHM)	₹1628.9	+43.90 pts	+2.77%
HCL Technologies Ltd. (HCLTECH)	₹1317.2	+35.20 pts	+2.75%
Wipro Ltd. (WIPRO)	₹180.9	+4.50 pts	+2.55%
Infosys Ltd. (INFY)	₹1139	+28.20 pts	+2.54%

Among the top performers, Tata Consultancy Services Ltd. (TCS) is leading the pack, trading significantly higher at ₹2340, marking an impressive gain of +4.07%. Tech Mahindra Ltd. (TECHM) is also showing strong upward momentum, currently at ₹1628.9, up +2.77%. HCL Technologies Ltd. (HCLTECH) is contributing to the IT sector’s strength, trading at ₹1317.2 with a +2.75% increase. Wipro Ltd. (WIPRO) and Infosys Ltd. (INFY) are likewise performing robustly, with gains of +2.55% and +2.54% respectively, underscoring a broad-based rally in the IT space.

Top 5 Losers

Stock	Current Price	Change	% Change
Asian Paints Ltd. (ASIANPAINT)	₹2594.1	-36.90 pts	-1.40%
ICICI Bank Ltd. (ICICIBANK)	₹1423.5	-19.50 pts	-1.35%
Shriram Finance Ltd. (SHRIRAMFIN)	₹1086.6	-14.40 pts	-1.31%
ITC Ltd. (ITC)	₹265.7	-3.30 pts	-1.23%
Ultratech Cement Ltd. (ULTRACEMCO)	₹11596	-121.00 pts	-1.03%

Conversely, several prominent stocks are facing downward pressure. Asian Paints Ltd. (ASIANPAINT) is among the top losers, currently trading at ₹2594.1, down -1.40%. ICICI Bank Ltd. (ICICIBANK) is also experiencing a notable decline, trading at ₹1423.5, a drop of -1.35%. Shriram Finance Ltd. (SHRIRAMFIN) is down -1.31% at ₹1086.6, while ITC Ltd. (ITC) is trading lower by -1.23% at ₹265.7. Ultratech Cement Ltd. (ULTRACEMCO) rounds out the top five losers, with its share price at ₹11596, down -1.03%.

FII / DII Activity

Provisional data from the previous trading day, 27 August 2026, indicates that Foreign Institutional Investors (FIIs) recorded a net outflow of -298.26 cr. In contrast, Domestic Institutional Investors (DIIs) demonstrated robust buying interest, registering a substantial net inflow of +4,977.17 cr. This strong domestic support is playing a crucial role in balancing the market sentiment amidst foreign outflows.

Overall, the Indian equity market exhibits a cautious yet mixed sentiment mid-session, with strong performance in IT stocks providing significant support and offsetting some of the broader index fluctuations.