Market Highlights: Nifty 50 Trades Higher, Gains 116 Points; Midcaps and Banks See Declines | 03 Jul 2026, 02:00 PM IST
By ThePip Desk
Indian equity markets exhibit a mixed trend mid-session on Friday, July 3, 2026. The Nifty 50 is trading at 24291.80, up 0.48%, while Nifty Bank and Midcap 100 are experiencing declines.
Indian equity markets are navigating a mixed trading session on Friday, July 3, 2026, as the afternoon progresses. The benchmark Nifty 50 index is currently showing positive momentum, while the Nifty Bank and NIFTY Midcap 100 indices are trading in negative territory, reflecting a divergence in market sentiment across different segments.
Major Indices Trade with Mixed Fortunes
The Nifty 50 is trading at 24291.80, marking a gain of +0.48%, or +116 points, as the session continues. This upward movement in the frontline index contrasts with the performance of banking and broader midcap segments. The Nifty Bank index is currently at 57836.25, registering a decline of −0.34%, equivalent to −195 points. Similarly, the NIFTY Midcap 100 index is also facing headwinds, trading at 62206.95, down −0.16%, or −101 points. This indicates a cautious approach in broader market participation while select large-cap stocks contribute to the Nifty 50’s positive stance.
| Index Name | Current Level | Change | Change % |
|---|---|---|---|
| Nifty 50 | 24291.80 | +116 pts | +0.48% |
| Nifty Bank | 57836.25 | −195 pts | −0.34% |
| NIFTY Midcap 100 | 62206.95 | −101 pts | −0.16% |
Sectoral Performance Exhibits Divergence
Sectoral performance across the Indian equity market is currently exhibiting a divergent trend. The top performing sector is showing a significant gain of +1.89%. Following closely, another sector is up +1.86%, and a third is trading higher by +1.61%. Further positive contributions are seen from sectors gaining +0.17% and +0.03%. Conversely, two sectors are currently in the red, with the worst performing sector declining by −1.90%. Another sector is also down by −0.11%, indicating pockets of weakness amidst overall mixed market activity.
Top Movers: HCL Technologies Leads Gainers, SBI Among Losers
Among individual stocks, HCL Technologies Ltd. (HCLTECH) is leading the pack of gainers, trading at ₹1142.9 with a substantial increase of +6.01%, adding +64.80 points to its value. Dr. Reddy’s Laboratories Ltd. (DRREDDY) is also performing strongly, up +2.36% at ₹1377.5. Bajaj Finserv Ltd. (BAJAJFINSV) is trading higher by +2.34% at ₹1899.1. Max Healthcare Institute Ltd. (MAXHEALTH) shows a gain of +2.15%, trading at ₹1151.6, and Sun Pharmaceutical Industries Ltd. (SUNPHARMA) is up +2.05% at ₹1909.3.
On the losing side, State Bank Of India (SBIN) is experiencing a decline, trading at ₹1035.9, down −1.49%, or −15.70 points. Interglobe Aviation Ltd. (INDIGO) is also among the top losers, falling −0.93% to ₹5393.5. Larsen & Toubro Ltd. (LT) is trading lower by −0.90% at ₹4023. Axis Bank Ltd. (AXISBANK) sees a decrease of −0.81%, trading at ₹1351.6, and Kotak Mahindra Bank Ltd. (KOTAKBANK) is down −0.59% at ₹396.95.
| Company | Current Price | Change % | Change Pts |
|---|---|---|---|
| Top 5 Gainers | |||
| HCL Technologies Ltd. (HCLTECH) | ₹1142.9 | +6.01% | +64.80 pts |
| Dr. Reddy’s Laboratories Ltd. (DRREDDY) | ₹1377.5 | +2.36% | +31.80 pts |
| Bajaj Finserv Ltd. (BAJAJFINSV) | ₹1899.1 | +2.34% | +43.40 pts |
| Max Healthcare Institute Ltd. (MAXHEALTH) | ₹1151.6 | +2.15% | +24.20 pts |
| Sun Pharmaceutical Industries Ltd. (SUNPHARMA) | ₹1909.3 | +2.05% | +38.30 pts |
| Top 5 Losers | |||
| State Bank Of India (SBIN) | ₹1035.9 | −1.49% | −15.70 pts |
| Interglobe Aviation Ltd. (INDIGO) | ₹5393.5 | −0.93% | −50.50 pts |
| Larsen & Toubro Ltd. (LT) | ₹4023 | −0.90% | −36.40 pts |
| Axis Bank Ltd. (AXISBANK) | ₹1351.6 | −0.81% | −11.00 pts |
| Kotak Mahindra Bank Ltd. (KOTAKBANK) | ₹396.95 | −0.59% | −2.35 pts |
FII and DII Activity for July 2nd
Looking at the previous day’s trading activity, Foreign Institutional Investors (FIIs) were net sellers on July 2, 2026, with a net outflow of −311.82 crore. In contrast, Domestic Institutional Investors (DIIs) showed strong buying interest, recording a net inflow of +1,784.4 crore. These figures reflect the institutional flow dynamics from the preceding session, influencing market sentiment as the current day’s trading unfolds.
Overall, the Indian equity market is demonstrating a mixed performance mid-session, with the Nifty 50 holding positive gains while banking and midcap indices face downward pressure.