Stock Market Today, July 10, 2026: Sensex Zooms 712 points, Nifty Surges 210 points at Open, Tracking Firm Asia, Wall Street Even as Iran War Tension Rises

Mumbai, July 10: Indian equity benchmarks surged higher and sizzled in early trade on Friday, rising on optimism across Asian markets and a firmer close on Wall Street overnight. 

The benchmark Sensex zoomed up 712.57 points or 0.93 per cent to 77,454.39 and Nifty 50 jumped 209.85 points or 0.88 per cent to 24,172.65 by 9:31 am, amplifying Thursday’s gains with real conviction. Opening up sharply higher, the index underscored growing risk appetite among investors amid a broadly bullish market mood regionally and globally, as well as firmer crude prices even as the Iran-US conflict continues unabated.  

Both Sensex and Nifty are tracking firmly higher, shrugging off lingering concerns over the Middle East conflict which remains unresolved so far, as bulls stamp their authority over the tape in early deals. 

Gainers & Losers 

Tech Mahindra (TECHM) was the top performer among the Nifty pack on Friday, rising 2.19 per cent to Rs 1,457.6 against previous close of Rs 1,426.3. Shares of HCL Technologies (HCLTECH) gained 2.10 per cent to Rs 1,174.6 from Rs 1,150.4 while Infosys (INFY) climbed 2.10 per cent Rs 1,072.9 against Rs 1,050.8. Tata Consultancy Services (TCS) rose 1.99 per cent Rs 2,090.2 from Rs 2,049.5 and Hindalco Industries (HINDALCO) advanced 1.97 per cent Rs 977.3 against Rs 963.45. IT stocks rallied across the board. 

On the flip side, Dr Reddy’ Laboratories (DRREDDY) was the biggest loser on Nifty, falling 1.80 per cent to Rs 1,238.8 from Thursday’s close of Rs 1,269.5. Bharti Airtel (BHARTIARTL) declined 1.08 per cent to Rs 1,910.2 against Rs 1,931.1, while Max Healthcare (MAXHEALTH) slipped 0.66 per cent to Rs 1,094.0 from Rs 1,101.3. Sun Pharmaceutical (SUNPHARMA) dropped 0.45 per cent to Rs 1,930.0 against Rs 1,938.7 and Cipla (CIPLA) shed 0.23 per cent Rs 1,438.0 from Rs 1,441.3. Pharma and healthcare stocks lagged the broader rally. 

Broader Markets & Sectoral Indices 

Broader market indices shrugged off weak cues from sectoral exchanges and rallied in tandem with benchmarks. At 9:31 am, there was no broad- based index trading in the red on Friday morning. Nifty 50 advanced the most with 0.87 per cent rise, followed by Nifty Smallcap 100 index up 0.86 per cent and Nifty Midcap 100 gaining 0.84 per cent. 

On the sectoral front, Nifty IT index was the top gainer, zooming up 2.46 per cent, followed by Nifty Consumer Durables which advanced 1.48 per cent and Nifty Metal jumping 1.40 per cent. However, Nifty Pharma index dipped 0.71 per cent, Nifty Healthcare slipped 0.60 per cent and Nifty Realty eased 0.13 per cent as select defensive pockets saw profit-booking despite the broader market rallying higher. 

Iran War 

Iran said late Thursday it struck U.S. military infrastructure across Gulf Arab states in response to Washington carrying out fresh strikes on Iran’s southern coast and eastern provinces earlier in the day. Thursday’s strikes further eroded a three-week-old ceasefire between Iran and the United States. The back-and-forth violence came the same day Iran buried slain Supreme Leader Ayatollah Ali Khamenei who Washington and Israel killed in a joint airstrike on his residence in Tehran on February 28, Iranian media reported. Iran’s Revolutionary Guards warned against any further U.S. interference in Strait of Hormuz in remarks published late Thursday, saying Tehran would give “a crushing response” to any fresh attack. Washington said the transit of oil through the strait has recovered to about half of pre-war levels. Iran has permitted only limited oil shipments through the Strait of Hormuz since the war started on March 19. Amid heightened tensions, U.S. officials said “technical talks continue” with Tehran despite Trump facing mounting criticism at home over his inability to end Iran-U.S. conflict before U.S. midterms next month. 

Asian Markets on Friday Morning 

Asian markets continue to extend their uptrend on Friday morning with Japan’s Nikkei 225 leading gains so far. Japan’s Nikkei 225 climbed 1.77 per cent to 68,942.12, while Hong Kong’s Hang Seng jumped 0.83 per cent to 24,229.32. Thailand’s SET index surged 2.03 per cent and Philippine PSEi added 0.75 per cent to their respective highs. Australia’s All Ordinaries, Indonesia’s JSX Composite and Shanghai’s SSE Composite were also trading firmer on Friday morning. Not all Asian indices were trading up however, with Vietnam’s HNX 30 dipping 0.44 per cent and Pakistan’s KSE 100 slipping 0.20 per cent. 

US Markets as on Thursday 

US markets closed broadly higher on Thursday led by tech stocks as investors returned to beaten-down tech shares. The Nasdaq Composite led the gains, rising 1.30 per cent to 26,206.89, while S&P 500 climbed 0.81 per cent to 7,543.64. Dow Jones Industrial Average gained 0.27 per cent to close at 52,487.41 and NYSE Composite rose 0.36 per cent. Mexico’s S&P/BMV IPC was the lone loser among major stock markets globally, slipping 0.75 per cent. 

Oil Prices 

Oil prices edged lower in early trading on Friday but remained on track for a weekly gain as tensions between Iran and the United States escalated with fresh air and missile strikes. Brent crude futures traded down 0.08 per cent to $76.24 a barrel while WTI crude futures edged down 0.06 per cent to $72.04. Despite renewed concerns about Iran-U.S. strikes weighing on the market, analysts expect crude oil prices to trade higher this week as Brent is headed for a roughly 6 per cent gain for the week and WTI for a 5 per cent increase. Market pundits said investors drew some comfort from Washington announcing air strikes that had avoided Iranian energy infrastructure while Trump’s comments assuring no expectation of a full-blown war also helped. Strait of Hormuz which saw about 20 per cent of daily global oil and gas supplies shipped through its waters before the war is still only partially reopened since Iran allowed some crude shipments to pass through last week. 

Indian Markets on Thursday 

Indian benchmark indices ended their northward march halfway through the session on Thursday after staging a partial rebound as investors returned to buying beaten-down stocks. Investors piled into realty, PSU banks and consumer durables while book- profit was seen in IT and auto stocks after selective buying came through in these counters during early trade hours. The Sensex climbed up 238.22 points or 0.31 per cent to close at 76,741.82, while Nifty50 gained 80.75 points or 0.34 per cent to settle at 23,962.80.  

Source

• bseindia.com
• nseindia.com
• Reuters