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The Indian market trades sharply higher, tracking strong global cues, lower crude and a rally in IT stocks after Tata Consultancy Services reported its June 2026 quarter earnings.
Stock Market Today: The rally was broad-based, with banking, financial services and IT stocks leading gains, while volatility eased as the India VIX slipped nearly 4%.
Market Updates Today, July 10: The domestic equity markets remained firmly in the green on Friday afternoon, with gains led by banking, realty and information technology stocks as investors continued to cheer strong global cues and the start of the June-quarter earnings season.
At 1:45 pm, the BSE Sensex was trading 824.01 points or 1.07% higher at 77,565.83, while the Nifty 50 gained 242.90 points or 1.01% to 24,205.70.
PSU banks, realty and financials lead rally
The rally broadened during the afternoon session, with PSU banks and real estate stocks emerging as the biggest gainers. The Nifty PSU Bank index surged 3.22%, followed by Nifty Realty (+3.08%), Nifty MidSmall IT & Telecom (+2.25%), Nifty IT (+1.87%), Nifty MidSmall Financial Services (+1.75%), Nifty REITs & Realty (+1.52%), Nifty Chemicals (+1.46%), Nifty Financial Services 25/50 (+1.44%) and Nifty Cement (+1.44%).
Financial stocks continued to support the benchmarks, with the Nifty Bank climbing 1.56%, while Nifty Financial Services advanced 1.36%.
On the flip side, defensive sectors remained under pressure. The Nifty FMCG index slipped 0.10%, Nifty Pharma declined 0.21%, and the Nifty Healthcare Index eased 0.11%.
Broader markets continue to outperform
Broader markets maintained their strong momentum, signalling healthy investor participation beyond frontline stocks. The Nifty Smallcap 100 rose 1.39%, Nifty Midcap 100 gained 1.18%, while the Nifty 500 advanced 1.08%.
Meanwhile, the India VIX dropped 7.68% to 12.34, indicating easing volatility and improving market confidence.
Top gainers and losers
Infosys (+2.07%), Tech Mahindra (+1.95%), Reliance Industries (+1.94%), Bharat Electronics (BEL) (+1.86%), and Adani Ports (+1.75%) were the top gainers among 30 Sensex stocks.
On the flip side, Eternal (-1.39%), Bharti Airtel (-0.92%), Sun Pharma (-0.43%), ITC (-0.23%), and Trent (-0.03%) were the losers in today’s session.
Financials and IT remain in focus
Banking and financial stocks continued to attract strong buying as investors positioned for healthy June-quarter earnings. IT stocks also remained among the key contributors to the rally following TCS’ better-than-expected Q1FY27 results, which improved sentiment across the technology sector.
The sustained decline in the India VIX and strength in broader markets further reflected improving risk appetite despite lingering geopolitical concerns in West Asia.
Positive global cues
Asian markets traded sharply higher after Wall Street’s technology-led rally overnight, with investors continuing to focus on the artificial intelligence theme despite renewed geopolitical tensions in West Asia.
Japan’s Nikkei rose 1.8% while South Korea’s KOSPI, the epicentre of the AI rally, gained 4%. Chip bellwethers SK Hynix and Samsung Electronics were up 1% and 3%, respectively, while Taiwan markets were closed due to a typhoon.
Overnight, the tech-heavy Nasdaq ended sharply higher after Micron Technology’s plans to invest more than $250 billion in the U.S. through 2035 buoyed chip stocks, with the Philadelphia SE Semiconductor Index rising 3%.
Brent crude traded around $76 per barrel, well below the recent conflict-driven highs, easing concerns over inflation and supporting risk sentiment across global equities.
About the Author
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalis…Read More
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