Stock Market Mid-Day report, July 10, 2026: Sensex, Nifty Extend Gains, Trade on Positive Asian, US Cues

Mumbai: July 10: The benchmark BSE Sensex zoomed 705.06 points or 0.92 per cent to 77,446.88 and the Nifty 50 jumped 210.15 points or 0.88 per cent to 24,172.95 in midday trade Friday, as Indian stocks continued Thursday’s positive move on broad-based buying amid strong Asian cues and a firm Wall Street close overnight. Investors shrugged off concerns over tensions between Iran and the U.S., which escalated on Thursday even as Tehran buried slain supreme leader Ayatollah Ali Khamenei with Tehran firing missiles at American military installations across Gulf nations earlier in the day. 

Gainers & Laggards 

Jio Financial Services (JIOFIN) was the top gainer among Sensex stocks, rising 2.8 per cent to Rs 239.91 from its previous close of Rs 233.37, followed by Adani Enterprises (ADANIENT), up 2.68 per cent to Rs 3,166.10 from Rs 3,083.60, and HDFC Life (HDFCLIFE) gaining 2.48 per cent to Rs 565.55 from Rs 551.85. IndiGo (INDIGO) was up 2.2 per cent at Rs 5,344.50 from Rs 5,229.50, and Adani Ports (ADANIPORTS) gained 2.08 per cent to Rs 1,837.50 from Rs 1,800.10. 

Among losers, Eternal (ETERNAL) lost 1.5 per cent to Rs 288.05 from Rs 292.45 and Dr Reddy’s (DRREDDY) fell 1.24 per cent to Rs 1,245.90 from Rs 1,269.50. Bharti Airtel (BHARTIARTL) declined 0.86 per cent to Rs 1,914.40 from Rs 1,931.10, Nestle India (NESTLEIND) eased 0.36 per cent to Rs 1,450.90 from Rs 1,463.20, and ITC (ITC) slid 0.35 per cent to Rs 281.05 from Rs 282.05. 

Broad Markets 

Broad markets outperformed headline indices as buying was notably sharper in smallcap and midcap stocks compared to largecaps. Sectoral indices were also largely higher, led by technology and metal stocks. 

Among broad market indices, the Nifty Smallcap 50 gained the most by rising 1.45 per cent, followed by the Nifty Smallcap 100 up 1.37 per cent and Nifty Smallcap 250 up 1.20 per cent. No broad market index moved in the red today, while largecap indices lagged gains on broad markets led by the Nifty Midcap Select up a tepid 0.76 per cent, the Nifty 50 up 0.84 per cent and the Nifty 100 up 0.87 per cent. 

Among sectoral indices, the Nifty Midsmall IT & Telecom index was today’s top gainer, rising 2.20 per cent followed by the Nifty IT index which was up 1.88 per cent and the Nifty Metal index which rose 1.69 per cent. The Nifty FMCG index was the sole loser, dipping 0.12 per cent with the Nifty Healthcare index up 0.22 per cent and Nifty Pharma index up 0.34 per cent among the weaker gainers. 

Iran War 

Tensions between Iran and the U.S. remained centre stage for markets globally after Iran launched missile attacks on American military bases in countries across Gulf nations on Thursday in retaliation for the U.S. drone strike earlier this week that killed Iranian Supreme Leader Ayatollah Khamenei. The attack happened even as leaders in Tehran buried Khamenei on Thursday fuelling fears that a fragile three-week-old truce was in jeopardy. 

Asian and US Markets 

Asian markets ended broadly higher today, with Japan’s Nikkei 225 gaining 1.25 per cent to 68,593.95 and Hong Kong’s Hang Seng jumping 1.25 per cent to 24,329.81, while Pakistan’s KSE 100 bucked the regional uptrend to decline 0.20 per cent. On Wall Street, the S&P 500 rose 0.81 per cent to 7,543.64 and the Nasdaq jumped 1.30 per cent to 26,206.89 Thursday, while the Dow grew a more modest 0.27 per cent to finish at 52,487.41. 

Oil 

Oil prices traded marginally lower on Friday even as both benchmarks held onto strong gains from the previous day to remain on track to book healthy weekly gains. Brent crude futures eased 6 cents to $76.24 a barrel and WTI crude contracts were off 4 cents at $72.04. For the week, Brent was still on track to book a roughly 6 per cent gain while WTI was likely to gain about 5 per cent. Both benchmarks jumped more than 2 per cent on Thursday as fears over the Middle East supply disrupted ebbed somewhat after U.S. President Joe Biden ruled out strikes against Iranian energy assets. However, analysts warned markets faced the risk of further volatility going forward if tensions did not ease soon. 

Morning Trade 

Indian stocks opened with sharp gains today tracking strong Asian markets and Wall Street’s overnight positive move. The Sensex was up 712.57 points or 0.93 per cent at 77,454.39 and the Nifty 50 jumped 209.85 points or 0.88 per cent to 24,172.65 by 9: 31 am extending Thursday’s gains with strong conviction. Early trade on Friday saw bulls taking firm control of the market despite lingering Iran-U.S. tensions. 

Source

• bseindia.com
• nseindia.com