Market Highlights: Nifty 50 Trades Flat While Midcaps Gain; IT Stocks Lead, FMCG Falls | 28 Jul 2026, 02:00 PM IST
Key Highlights
The Nifty 50 hovers near 23985.00, showing minimal change mid-session. Midcap stocks display resilience, while IT majors drive gains and FMCG faces significant selling pressure.
Indian equity benchmarks are exhibiting a largely subdued performance during the mid-afternoon trading session on Tuesday, 28 July 2026. While the frontline hovers near the flatline, the broader market shows divergent trends, with midcap stocks displaying resilience against a weaker banking sector. Investors are closely watching individual stock movements, particularly in the prominent IT and FMCG sectors.
Major Indices Hover Near Flatline
The Nifty 50 is currently trading at 23985.00, registering a marginal decline of -0.05%, a loss of -11 points. The banking sector faces more significant pressure, with the Nifty Bank index trading at 56814.50, down -0.48%, or -273 points. In contrast, the NIFTY Midcap 100 index is showcasing strength, trading higher by +0.11%, adding +69 points to reach 62372.85, indicating a preference for mid-sized companies.
Here is a snapshot of the major indices:
| Name | Current | Change | Change% |
|---|---|---|---|
| Nifty 50 | 23985.00 | -11 pts | -0.05% |
| Nifty Bank | 56814.50 | -273 pts | -0.48% |
| NIFTY Midcap 100 | 62372.85 | +69 pts | +0.11% |
Top Movers: IT Shines, FMCG Drags
Individual stock performance reveals clear sectoral plays influencing the market today. The Information Technology sector is providing a significant boost, with several key players leading the gainers list. Tata Consultancy Services Ltd. (TCS) is the top performer, currently trading at ₹2400, marking a robust increase of +4.55% or +104.40 points. Tech Mahindra Ltd. (TECHM) follows closely, gaining +3.46% to ₹1629.5, an increase of +54.50 points. Infosys Ltd. (INFY) is also among the top five, trading higher by +2.64%, or +28.50 points, at ₹1107.7. Eternal Ltd. (ETERNAL) is up +3.19% at ₹305.3, adding +9.45 points, and Nestle India Ltd. (NESTLEIND) is trading at ₹1483.5, up +2.59% or +37.40 points.
Conversely, the Fast-Moving Consumer Goods (FMCG) sector is experiencing considerable selling pressure. Hindustan Unilever Ltd. (HINDUNILVR) stands out as the top loser, trading at ₹2040, down significantly by -6.19%, a steep decline of -134.60 points. Bharat Electronics Ltd. (BEL) is also seeing a sharp fall, down -4.31% to ₹389.6, losing -17.55 points. Coal India Ltd. (COALINDIA) is trading lower by -4.11% at ₹409.95, a drop of -17.55 points. Tata Consumer Products Ltd. (TATACONSUM) is down -2.41% at ₹1080.7, losing -26.70 points, and NTPC Ltd. (NTPC) is trading at ₹343.1, lower by -2.19%, a decrease of -7.70 points.
Below is a summary of today’s top gainers and losers:
| Company | Current Price | Change% | Change Pts |
|---|---|---|---|
| Tata Consultancy Services Ltd. (TCS) | ₹2400 | +4.55% | +104.40 pts |
| Tech Mahindra Ltd. (TECHM) | ₹1629.5 | +3.46% | +54.50 pts |
| Eternal Ltd. (ETERNAL) | ₹305.3 | +3.19% | +9.45 pts |
| Infosys Ltd. (INFY) | ₹1107.7 | +2.64% | +28.50 pts |
| Nestle India Ltd. (NESTLEIND) | ₹1483.5 | +2.59% | +37.40 pts |
| Hindustan Unilever Ltd. (HINDUNILVR) | ₹2040 | -6.19% | -134.60 pts |
| Bharat Electronics Ltd. (BEL) | ₹389.6 | -4.31% | -17.55 pts |
| Coal India Ltd. (COALINDIA) | ₹409.95 | -4.11% | -17.55 pts |
| Tata Consumer Products Ltd. (TATACONSUM) | ₹1080.7 | -2.41% | -26.70 pts |
| NTPC Ltd. (NTPC) | ₹343.1 | -2.19% | -7.70 pts |
FIIs Remain Net Sellers, DIIs Provide Support
An analysis of the previous day’s trading activity provides context for current market dynamics. On July 27, 2026, (FIIs) continued as net sellers, recording a significant net outflow of -1,688.23 crore. This selling pressure was largely absorbed by (DIIs), who were robust net buyers, injecting +2,329.14 crore into the market, providing crucial support amidst FII withdrawals.
Overall, the Indian equity market exhibits a mixed sentiment mid-session, characterized by selective buying in the IT and midcap segments offsetting broader cautiousness and selling pressure in banking and FMCG stocks.