Market Highlights: Nifty 50 Trades Above 24400 as Midcaps Lead Afternoon Gains | 31 Jul 2026, 02:00 PM IST

Indian equity benchmarks are holding positive ground in afternoon trade on Friday, July 31, 2026, with the Nifty 50 hovering above the 24400 mark. The broader market is also showing strength, particularly in mid-cap segments, reflecting a generally optimistic sentiment as the trading day progresses.

Major Indices Show Upward Momentum

The Nifty 50 index is currently trading at 24400.15, registering a gain of +0.34%, an increase of +83 points. The Nifty Bank index is also in positive territory, trading at 57327.55, up +0.32%, adding +180 points. Leading the broader market, the NIFTY Midcap 100 index is trading significantly higher at 62994.25, an impressive increase of +0.56% or +353 points, underscoring strong investor confidence in mid-sized companies.

Name	Current	Change	Change%
Nifty 50	24400.15	+83 pts	+0.34%
Nifty Bank	57327.55	+180 pts	+0.32%
NIFTY Midcap 100	62994.25	+353 pts	+0.56%

Sectoral Performance Reveals Divergent Trends

An examination of sectoral performance reveals a clear divergence. Several key sectors are experiencing upward momentum, with gains recorded at +1.70%, +1.36%, +1.29%, +0.67%, and +0.34%. Conversely, other segments are facing selling pressure, with declines noted at −0.97% and −1.62%. The absence of specific sector names prevents further detailed commentary on individual sector drivers.

Top Movers in Afternoon Trade

Among individual stocks, Bajaj Finance Ltd. (BAJFINANCE) is currently leading the pack of gainers, showing a remarkable surge of +8.62% and trading at ₹1144.3, adding +90.80 points. Following closely is Bajaj Finserv Ltd. (BAJAJFINSV), which is up +5.69%, trading at ₹2018 with a gain of +108.60 points. Mahindra & Mahindra Ltd. (M&M) is also performing strongly, gaining +4.24% to trade at ₹3423, an increase of +139.30 points. Adani Ports and Special Economic Zone Ltd. (ADANIPORTS) is trading +2.27% higher at ₹1701.8, adding +37.70 points, and Shriram Finance Ltd. (SHRIRAMFIN) is up +2.16% at ₹1049.4, with a gain of +22.20 points.

Company	Current Price	Change%	Change Pts
Bajaj Finance Ltd. (BAJFINANCE)	₹1144.3	+8.62%	+90.80 pts
Bajaj Finserv Ltd. (BAJAJFINSV)	₹2018	+5.69%	+108.60 pts
Mahindra & Mahindra Ltd. (M&M)	₹3423	+4.24%	+139.30 pts
Adani Ports and Special Economic Zone Ltd. (ADANIPORTS)	₹1701.8	+2.27%	+37.70 pts
Shriram Finance Ltd. (SHRIRAMFIN)	₹1049.4	+2.16%	+22.20 pts

Conversely, several stocks are facing downward pressure. Tata Consultancy Services Ltd. (TCS) is down −2.82%, trading at ₹2363.3, a decline of −68.50 points. Max Healthcare Institute Ltd. (MAXHEALTH) is also experiencing a notable decline of −2.67% to ₹1094.8, down −30.00 points. Eternal Ltd. (ETERNAL) is trading −2.32% lower at ₹303.45, a decrease of −7.20 points, while Infosys Ltd. (INFY) is down −2.03% at ₹1131.7, losing −23.40 points. ITC Ltd. (ITC) rounds out the top losers, falling by −1.46% to ₹280.9, a drop of −4.15 points.

Company	Current Price	Change%	Change Pts
Tata Consultancy Services Ltd. (TCS)	₹2363.3	−2.82%	−68.50 pts
Max Healthcare Institute Ltd. (MAXHEALTH)	₹1094.8	−2.67%	−30.00 pts
Eternal Ltd. (ETERNAL)	₹303.45	−2.32%	−7.20 pts
Infosys Ltd. (INFY)	₹1131.7	−2.03%	−23.40 pts
ITC Ltd. (ITC)	₹280.9	−1.46%	−4.15 pts

FII and DII Activity Overview

Provisional data for July 30, 2026, indicates that Foreign Institutional Investors (FIIs) were net buyers, injecting +3,623.51 crore into the Indian equity market. Domestic Institutional Investors (DIIs), on the other hand, were net sellers, offloading −1,864.03 crore during the same period.

Overall, the Indian equity market is currently exhibiting a positive bias in the afternoon session, with broad-based gains led by mid-cap stocks, despite some sectoral and stock-specific corrections.