Nifty 50 Slips 16 Points to 24,190 Today, July 13, 2026: TCS, HCLTech and Tech Mahindra Lead Gains

The Nifty 50 traded lower on July 13, slipping 16.05 points (0.07%) to 24,190.85 during the afternoon session. Strong gains in information technology (IT) stocks such as TCS, HCLTech, Tech Mahindra and Infosys helped limit losses, while weakness in stocks including Grasim, Tata Steel and IndiGo weighed on the benchmark index.

Nifty 50 Trades Lower Despite Strength in IT Stocks

The Nifty 50 opened at 24,039.40, compared with its previous close of 24,206.90. During the trading session, the benchmark touched an intraday high of 24,259.80 and a low of 24,000.20 before trading at 24,190.85, down 16.05 points or 0.07%. Market breadth remained weak, with 19 stocks advancing and 31 stocks declining, indicating that selling pressure outweighed buying interest across the index.

TCS, HCLTech and Tech Mahindra Lead the Gainers

Information technology stocks outperformed the broader market during the session. TCS emerged as the top gainer, rising 5.68% to ₹2,186.50, followed by HCLTech, which gained 4.91% to ₹1,221.30. Tech Mahindra advanced 4.22% to ₹1,516.20, while Infosys and Wipro rose 3.67% and 1.84%, respectively. The gains in these IT stocks helped cushion the overall decline in the Nifty 50.

Grasim, Tata Steel and IndiGo Among the Biggest Losers

On the losing side, Grasim was the worst-performing stock on the index, falling 2.20% to ₹3,142.90. Tata Steel declined 2.03%, while IndiGo slipped 1.84%. Nestlé India and Tata Consumer Products also ended lower, reflecting weakness in select metal, consumer and aviation stocks.

Nifty 50 Delivers Mixed Returns Across Different Time Periods

The Nifty 50 has delivered mixed returns over different investment horizons. While the index has gained 2.40% over the past one month and 1.46% in the last three months, it has fallen 5.99% over the past six months and 7.48% on a year-to-date basis. Over the longer term, however, the benchmark has generated returns of 24.61% over three years and 52.99% over five years, highlighting its long-term growth despite short-term volatility.

Financial Services Continue to Dominate the Index

Financial Services remain the largest sector in the Nifty 50, accounting for 37% of the index weight. It is followed by Oil, Gas & Consumable Fuels (9.79%), Information Technology (7.41%) and Automobile & Auto Components (6.74%). Other key sectors include Fast Moving Consumer Goods (FMCG), Telecommunication, Healthcare, Metals & Mining and Construction, making the Nifty 50 a well-diversified benchmark of the Indian equity market.

HDFC Bank, ICICI Bank and Reliance are the Largest Constituents

Among individual stocks, HDFC Bank carries the highest weight in the index at 11.18%, followed by ICICI Bank (9.01%) and Reliance Industries (8.00%). Other major constituents include Bharti Airtel, Larsen & Toubro, State Bank of India, Axis Bank, Infosys, Kotak Mahindra Bank and ITC. Together, these companies account for a significant portion of the index's movement.

Read more: Why Does E20 Petrol Cost More Despite Ethanol Blending? Govt Explains the Price and Mileage Trade-Off.

Conclusion

The Nifty 50 traded marginally lower on July 13, with gains in IT stocks offset by weakness in metals, consumer and select heavyweight shares. TCS, HCLTech and Tech Mahindra led the gainers, while Grasim, Tata Steel and IndiGo were among the top losers. Going ahead, market participants are likely to monitor corporate earnings, global market developments and domestic economic data for cues on the market's next direction.

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