Market Midday, 30 July 2026: Sensex Trades Flat, Nifty Holds Above 24,250 Amid IT Rally

Indian equities were largely unchanged in early trade on Thursday after Wednesday's strong rally. Information technology (IT) majors Infosys, Tech Mahindra and HCL Technologies found buyers, but financial and realty stocks lost ground, capping the market's advance. The mood stayed guarded too, with the Fed holding rates steady and fresh Middle East tensions pushing crude prices up.

By 11:40 am, the Sensex today was marginally up by 60 points, or 0.078%, to 77,715. The Nifty 50 live chart showed the index was up by 25.65 points (0.11%) at 24,275.85.

Market breadth remained weak, with 1,473 stocks advancing, 1,999 declining, and 181 remaining unchanged.

Broader Markets

Broader indices underperformed the benchmark indices in afternoon trade. As of 11:45 am, the.

• Nifty Midcap 100 declined around 0.28%.

• Nifty Smallcap 100 declined around 0.35%.

Top Gainers On The Nifty 50 Today

The following stocks were among the top performers on the Nifty 50 at around 11:47 am:

• Wipro Ltd.

• ONGC Ltd.

• Tech Mahindra Ltd.

• Infosys Ltd.

• Coal India.

Top Losers On The Nifty 50 Today

The biggest laggards on the index, as of 11:47 am, included:

• Adani Ports & Special Economic Zone Ltd.

• Shriram Finance Ltd.

• Asian Paints

• Eternal

• Jio Finance

Sector Watch

Sectoral performance remained mixed during the session. At 11:49 am:

• Nifty IT gained around 1.35%, emerging as the top-performing sector.

• Nifty Capital Markets fell about 1%.

• Nifty Realty also declined nearly 1.5%.

What Is Driving The Market Today?

Investors continued to weigh a combination of global and domestic signals.

At its latest meeting, the US Federal Reserve kept rates unchanged in the 3.5%-3.75% range, though the unusually wide 9-3 vote split suggested policymakers are far from aligned on how sticky inflation is being handled.

On the oil front, prices stayed elevated as fresh US strikes on Iranian targets stoked fresh concerns over supply disruptions. Brent crude traded near $90 per barrel, while West Texas Intermediate crude remained above $84 per barrel, raising concerns over inflation and input costs globally.

Asian markets traded mixed, with Japan's Nikkei 225 and South Korea's Kospi advancing, while Australia's ASX 200 slipped into negative territory.

Wall Street ended sharply lower overnight after the Fed's policy announcement. However, US index futures recovered modestly in early trade, indicating a firmer opening later in the day.

What Investors Will Watch

From here, the focus shifts to a handful of triggers. Any fresh escalation in the Middle East could keep crude prices volatile, while investors will also be watching how other central banks respond in the wake of the Fed's decision. Q1 FY27 earnings continue to roll in, and foreign institutional investor (FII) activity remains a key gauge of sentiment on the global front.

IT stocks, crude oil movement and corporate earnings from companies such as Bajaj Finance, Vedanta, Tata Steel, and Hyundai Motor are likely to be the deciding factors for the stock market today.

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