Market Highlights: Nifty 50 Trades Above 24,000; Midcaps Lead Broad Market Gains Mid-Session | 09 Jul 2026, 02:00 PM IST

Indian equity markets are exhibiting robust upward momentum in the mid-afternoon trading session on Thursday, 9 July 2026. Major indices are trading firmly in positive territory, with the Nifty 50 hovering near the 24,074 mark, reflecting broad-based buying interest across segments. All tracked major indices are registering significant gains, with midcap stocks particularly standing out.

Major Indices Show Strong Gains

The benchmark Nifty 50 is currently trading at 24074.05, marking a significant rise of +0.80%, equating to a gain of +192 points. This strong upward trend is broadly mirrored across other key indices. The Nifty Bank is also performing robustly, trading at 57391.70, up +1.14%, which translates to an impressive gain of +649 points. Leading the charge, the NIFTY Midcap 100 index is experiencing substantial gains, soaring to 62298.25. This represents an impressive increase of +1.59% or +976 points, highlighting particularly strong investor confidence and participation in the broader market.

Broad-Based Sectoral Participation

The market data indicates broad-based positive participation across various segments. Several sectors are showing robust performance, with gains ranging up to +2.67%. This suggests that the positive momentum is not concentrated in just a few areas but is rather spread across the market. Other sectors are also contributing positively, registering gains of +1.88%, +1.10%, +1.05%, +0.84%, +0.31%, and +0.20%, reinforcing the widespread positive trend.

Nifty 50 Top Gainers

Among the Nifty 50 constituents, Sun Pharmaceutical Industries Ltd. (SUNPHARMA) is the top gainer, trading at ₹1937.5, up +2.61%. SBI Life Insurance Company Ltd. (SBILIFE) is also performing strongly, trading at ₹1833.8 with a gain of +2.50%. Bajaj Finserv Ltd. (BAJAJFINSV) and Grasim Industries Ltd. (GRASIM) are both up +2.43%. Shriram Finance Ltd. (SHRIRAMFIN) completes the top five gainers, trading at ₹1038.8, up +2.41%.

Company	Price (₹)	Change	% Change
Sun Pharmaceutical Industries Ltd. (SUNPHARMA)	1937.5	+49.30	+2.61%
SBI Life Insurance Company Ltd. (SBILIFE)	1833.8	+44.80	+2.50%
Bajaj Finserv Ltd. (BAJAJFINSV)	1900	+45.10	+2.43%
Grasim Industries Ltd. (GRASIM)	3211	+76.20	+2.43%
Shriram Finance Ltd. (SHRIRAMFIN)	1038.8	+24.40	+2.41%

Nifty 50 Top Losers

Conversely, some Nifty 50 stocks are experiencing downward pressure. Dr. Reddy’s Laboratories Ltd. (DRREDDY) is the biggest laggard, trading significantly lower at ₹1272.1, down −5.70%. Maruti Suzuki India Ltd. (MARUTI) is also facing declines, trading at ₹13800, down −1.08%. Infosys Ltd. (INFY) is trading at ₹1057.8, also down −1.08%. Oil & Natural Gas Corporation Ltd. (ONGC) is seeing a −1.00% decline, trading at ₹244.53, while Eicher Motors Ltd. (EICHERMOT) is down −0.95%. These stocks are currently weighing on the broader index despite overall market strength.

Company	Price (₹)	Change	% Change
Dr. Reddy’s Laboratories Ltd. (DRREDDY)	1272.1	−76.90	−5.70%
Maruti Suzuki India Ltd. (MARUTI)	13800	−151.00	−1.08%
Infosys Ltd. (INFY)	1057.8	−11.50	−1.08%
Oil & Natural Gas Corporation Ltd. (ONGC)	244.53	−2.47	−1.00%
Eicher Motors Ltd. (EICHERMOT)	7348	−70.50	−0.95%

FII and DII Activity Supports Market

Institutional flows from the previous trading day, July 8, 2026, indicate continued support for the Indian equity market. Foreign Institutional Investors (FIIs) were net buyers, injecting +1,962.8 cr. Concurrently, Domestic Institutional Investors (DIIs) also demonstrated positive sentiment, with net buying totaling +790.16 cr. This combined institutional buying activity from the prior session provides a positive backdrop for the current market rally.

Overall, the market is currently demonstrating strong positive momentum, with major indices and a majority of stocks registering significant gains, underpinned by robust institutional support.