Market Highlights: Nifty 50 Hovers Near Flatline; Midcaps Dip as IT Stocks Gain, Trent Plunges | 07 Jul 2026, 02:00 PM IST
By ThePip DeskIndian equities see Nifty 50 trading at 24426.45, largely flat, while the NIFTY Midcap 100 dips by 0.44%. IT stocks show strength, but Trent plunges over 12%.
Indian equity markets are exhibiting a mixed trend in the afternoon session on Tuesday, July 7, 2026. While benchmark indices Nifty 50 and Nifty Bank are largely hovering near their previous close, the broader market, represented by the NIFTY Midcap 100, shows a more pronounced dip. Institutional flows from the previous day indicate strong domestic buying interest.
Major Indices Hover Near Flatline
The Nifty 50 is trading at 24426.45, registering a marginal dip of −0.02%, equivalent to a loss of −4 points. The Nifty Bank index is also hovering near the flatline at 58256.40, down −0.06% or −35 points.
In contrast, the broader market is experiencing more significant pressure. The NIFTY Midcap 100 index is trading notably lower at 62199.40, marking a decline of −0.44%, which translates to a loss of −272 points, suggesting broader profit-booking in mid-cap segments.
| Index | Current Value | Change | % Change |
|---|---|---|---|
| Nifty 50 | 24426.45 | −4 pts | −0.02% |
| Nifty Bank | 58256.40 | −35 pts | −0.06% |
| NIFTY Midcap 100 | 62199.40 | −272 pts | −0.44% |
Top Movers: IT Stocks Lead Gains, Trent Plunges
Among the top performers, the IT sector shows considerable strength. Infosys Ltd. (INFY) leads, trading at ₹1077.1 with a robust gain of +3.35% (+34.90 points). HCL Technologies Ltd. (HCLTECH) follows, up +2.94% to ₹1167.6 (+33.40 points), and Tech Mahindra Ltd. (TECHM) rises +2.55% to ₹1442.3 (+35.80 points). Beyond IT, Titan Company Ltd. (TITAN) sees a strong increase of +2.62% at ₹4602 (+117.60 points), and SBI Life Insurance Company Ltd. (SBILIFE) is up +2.34% at ₹1829.6 (+41.90 points).
| Company | Current Price | Change | % Change |
|---|---|---|---|
| Infosys Ltd. (INFY) | ₹1077.1 | +34.90 pts | +3.35% |
| HCL Technologies Ltd. (HCLTECH) | ₹1167.6 | +33.40 pts | +2.94% |
| Titan Company Ltd. (TITAN) | ₹4602 | +117.60 pts | +2.62% |
| Tech Mahindra Ltd. (TECHM) | ₹1442.3 | +35.80 pts | +2.55% |
| SBI Life Insurance Company Ltd. (SBILIFE) | ₹1829.6 | +41.90 pts | +2.34% |
Conversely, Trent Ltd. (TRENT) is experiencing a significant downturn, plunging −12.43% to ₹2928.1 (−415.70 points). Adani Enterprises Ltd. (ADANIENT) is also under pressure, down −2.33% to ₹3132 (−74.60 points). Other prominent losers include Hindalco Industries Ltd. (HINDALCO), trading −1.60% lower at ₹964.75 (−15.65 points). Larsen & Toubro Ltd. (LT) is at ₹3984.4, down −1.40% (−56.60 points), and Bharat Electronics Ltd. (BEL) is trading at ₹420, seeing a −1.30% dip (−5.55 points).
| Company | Current Price | Change | % Change |
|---|---|---|---|
| Trent Ltd. (TRENT) | ₹2928.1 | −415.70 pts | −12.43% |
| Adani Enterprises Ltd. (ADANIENT) | ₹3132 | −74.60 pts | −2.33% |
| Hindalco Industries Ltd. (HINDALCO) | ₹964.75 | −15.65 pts | −1.60% |
| Larsen & Toubro Ltd. (LT) | ₹3984.4 | −56.60 pts | −1.40% |
| Bharat Electronics Ltd. (BEL) | ₹420 | −5.55 pts | −1.30% |
Institutional Flows Show DII Strength
Institutional activity from July 6, 2026, shows Domestic Institutional Investors (DIIs) with strong buying, recording a net inflow of +₹3,791.42 crore. Foreign Institutional Investors (FIIs) also registered a net positive flow of +₹243.03 crore. These figures highlight continued underlying positive sentiment from institutional players.
Overall, the Indian equity market is navigating a mixed landscape mid-session, with large-cap indices holding steady, mid-caps facing headwinds, and strong institutional buying providing foundational support.