Market Highlights: Nifty 50 Trades Lower, Large Caps Dip as Bajaj Finance Leads Declines | 07 Aug 2026, 02:00 PM IST
Key Highlights
Nifty 50 trades at 24547.55, down 0.36%, as large-cap indices face pressure. Bajaj Finance plunges over 5%, impacting broader market sentiment.
Indian equity markets are navigating a mixed trading session on Friday, 7 August 2026, as major indices display divergent trends during afternoon trading. The benchmark is currently hovering near 24547.55, reflecting a decline of −0.36%, which translates to a loss of −88 points. This downward movement in the Nifty 50 indicates a cautious sentiment prevailing across large-cap segments.
Adding to the pressure on frontline indices, the Nifty Bank index is also experiencing a notable downturn, trading at 57728.45. It is down −0.58%, shedding −335 points, highlighting weakness within the banking and financial sectors. In contrast to the broader market, the NIFTY Midcap 100 index is showing commendable resilience, trading higher by +0.16%. This positive movement adds +100 points to the index, bringing its current level to 63426.75, suggesting selective buying interest in mid-cap stocks.
Major Indices Snapshot
| Index | Current Level | Change (Points) | Change (%) |
|---|---|---|---|
| Nifty 50 | 24547.55 | −88 pts | −0.36% |
| Nifty Bank | 57728.45 | −335 pts | −0.58% |
| NIFTY Midcap 100 | 63426.75 | +100 pts | +0.16% |
Top Movers: Gainers and Losers
Among the Nifty 50 constituents, Hero MotoCorp Ltd. (HEROMOTOCO) is leading the gains, currently trading at ₹5733, marking a significant rise of +3.29% or +182.50 points. Following closely, Tata Consultancy Services Ltd. (TCS) is also performing strongly, with its shares rising +3.12% to ₹2447, an increase of +74.00 points. Other notable gainers contributing positively to the market include Mahindra & Mahindra Ltd. (M&M), trading at ₹3490.7, up +2.49%. Grasim Industries Ltd. (GRASIM) is also seeing upward momentum, trading at ₹3287.1, with a gain of +2.08%. HCL Technologies Ltd. (HCLTECH) is trading at ₹1352.7, registering a gain of +1.33%, rounding out the top five.
Conversely, the list of top losers is dominated by financial stocks. Bajaj Finance Ltd. (BAJFINANCE) is experiencing a significant downturn, trading at ₹1080.4, down −5.63%, which translates to a loss of −64.40 points. Its peer, Bajaj Finserv Ltd. (BAJAJFINSV), is also under considerable pressure, declining −4.58% to ₹1990.4, a fall of −95.60 points. Other prominent losers include Trent Ltd. (TRENT), which is down −3.35%, trading at ₹3003. Shriram Finance Ltd. (SHRIRAMFIN) is also trading −2.66% lower at ₹1110.7, and ICICI Bank Ltd. (ICICIBANK) is down −1.93%, currently trading at ₹1429.3, reflecting broad-based weakness in select financial and consumer discretionary names.
| Company | Current Price | Change (Points) | Change (%) |
|---|---|---|---|
| Top 5 Gainers | |||
| Hero MotoCorp Ltd. (HEROMOTOCO) | ₹5733 | +182.50 pts | +3.29% |
| Tata Consultancy Services Ltd. (TCS) | ₹2447 | +74.00 pts | +3.12% |
| Mahindra & Mahindra Ltd. (M&M) | ₹3490.7 | +84.70 pts | +2.49% |
| Grasim Industries Ltd. (GRASIM) | ₹3287.1 | +67.10 pts | +2.08% |
| HCL Technologies Ltd. (HCLTECH) | ₹1352.7 | +17.70 pts | +1.33% |
| Top 5 Losers | |||
| Bajaj Finance Ltd. (BAJFINANCE) | ₹1080.4 | −64.40 pts | −5.63% |
| Bajaj Finserv Ltd. (BAJAJFINSV) | ₹1990.4 | −95.60 pts | −4.58% |
| Trent Ltd. (TRENT) | ₹3003 | −104.10 pts | −3.35% |
| Shriram Finance Ltd. (SHRIRAMFIN) | ₹1110.7 | −30.30 pts | −2.66% |
| ICICI Bank Ltd. (ICICIBANK) | ₹1429.3 | −28.20 pts | −1.93% |
and Activity
Analysis of provisional data for Thursday, 6 August 2026, reveals distinct trends in institutional flows. Foreign Institutional Investors (FIIs) were net sellers in the Indian equity market, recording an outflow of −17.86 crore. This marks a continuation of cautious sentiment from foreign participants. In contrast, Domestic Institutional Investors (DIIs) demonstrated strong buying conviction, emerging as significant net buyers with an impressive inflow of +4,013.6 crore. The robust DII support is playing a crucial role in absorbing selling pressure and providing a floor for the market, particularly given the FII outflows.
Overall market sentiment remains cautiously mixed during the afternoon session, with major large-cap indices trading lower, while mid-cap stocks show relative strength, underpinned by substantial domestic institutional buying support.