Nifty 50 stocks in the first half of 2026: IT at the bottom

The headline and the typical stock

The Nifty 50 fell 8.7% in the first half of 2026, from 26,129.60 on 31 December 2025 to 23,865.75 on 30 June 2026. The typical stock in it did much better. Of the 49 current constituents we can measure over the half, 24 rose, the median fell 2.3%, and 32 did better than the index.

The Nifty 50 weights its members by size, so a gap like this means the bigger companies did worse than the rest. NSE's NIFTY50 Equal Weight index, which gives each stock the same weight, fell only 2.9%.

Figures compare closing prices on 31 December 2025 and 30 June 2026. The list is the current Nifty 50 membership. Trent is left out: its price history in our data has a break between 31 December 2025 and 1 January 2026, when prices on either side are on different bases. The half's index figures are in the first half in numbers.

The leaders

The laggards

The IT stocks fell in stages. The biggest blow came in February, when all five lost between 15% and 22%. They then held up better than most in March and fell again in June. The fifth, Tech Mahindra, is down 11.7% for the half.

ITC lost 9.7% on the year's first trading day, 1 January, and never recovered it.

By sector

Each stock counted equally, first half of 2026:

The pattern is clear at the edges. Every metals and power stock rose, and four of the five healthcare stocks. Every IT stock fell, along with four of the five auto makers and three of the four FMCG companies.

Financials, the largest group, split almost evenly. Axis Bank (+6.0%), Shriram Finance (+4.6%), State Bank of India (+4.6%), ICICI Bank (+2.4%) and Bajaj Finance (+1.8%) rose; HDFC Bank, HDFC Life, Jio Financial, SBI Life (−13.2%), Bajaj Finserv (−12.7%) and Kotak Mahindra Bank (−10.9%) fell.

From the March low

Measured from 30 March, the Nifty 50's lowest close of the half, to 30 June, the picture is different again. The index rose 6.9% and the median constituent 8.2%. Adani Enterprises rose 72.6% over those three months, while Infosys and HCL Technologies each fell about 20%, both lower at the end of June than at the March low.

What this does not tell you

Membership is the current list, and Trent is excluded for the reason above. A stock that joined or left the index during the half is counted as a member throughout.

Prices, not total returns. Dividends are left out, and for some stocks they add meaningfully even over six months.

Six months is a short record. The order of these tables changed sharply from one month to the next in February, March and April. Nothing here is a recommendation to buy or sell any stock.

Where to go from here

The stocks page shows which mutual funds own each company, for example Infosys and Adani Enterprises.

How the IT fall reached funds is in technology fund returns, and how healthcare funds have done is in pharma and healthcare fund returns. The previous month's tables are in Nifty 50 stocks in May.