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Benchmarks continue firm trade in morning deals
Jul-10-2026

Indian equity benchmarks continued their firm trade in morning session, driven by a rally in IT firms after TCS reported an increase in its June-quarter net profit and guided towards an improvement in demand returning in the ongoing quarter. Positive trend in global markets also drove the domestic equities higher. Traders took support with domestic rating agency Crisil’s arm -- Crisil Intelligence has projected that revenues of India Inc are likely to grow at a two-year high of up to 11.5% in the June quarter (Q1) of fiscal year 2026-27 (FY27), despite ongoing tensions in West Asia, which have had far-reaching implications, including supply chain disruptions and rising domestic inflation. On the global front, Asian markets were trading in green following the broadly positive cues from Wall Street overnight, boosted by the surge in semiconductor and AI stocks amid reports that the $28 billion SK Hynix IPO in the U.S. was heavily oversubscribed. 

The BSE Sensex is currently trading at 77529.91, up by 788.09 points or 1.03% after trading in a range of 77320.56 and 77588.08. There were 28 stocks advancing against 2 stocks declining on the index.

The top gaining sectoral indices on the BSE were Metal up by 2.35%, IT up by 2.08%, Basic Materials up by 1.82%, Utilities up by 1.53% and Consumer Durables up by 1.37%, while Telecom down by 0.13% was the lone losing index on BSE.

The top gainers on the Sensex were Tata Steel up by 2.18%, Adani Ports &SEZ up by 2.18%, Interglobe Aviation up by 2.10%, Tech Mahindra up by 2.03% and TCS up by 1.95%. On the flip side, Bharti Airtel down by 0.93% and Eternal down by 0.67% were the top losers.

Meanwhile, Union Textiles Minister Giriraj Singh has reviewed the progress of major initiatives aimed at strengthening India's textile ecosystem through technology upgradation, institutional reforms and enhanced industry support. Singh reviewed the transformation of the erstwhile Powerloom Service Centres into Integrated Textile and Apparel Development Centres (ITADCs), which are being repositioned as integrated growth hubs for the textile sector. 

The revamped ITADCs are designed as one-stop facilitation centres offering skill development, testing, design support, technology adoption, entrepreneurship development, credit facilitation, export promotion and market linkages to textile entrepreneurs, Micro, Small, and Medium Enterprises (MSMEs) and other stakeholders across the textile value chain.

While reviewing the first-quarter performance of ITADCs for FY 2026-27, Singh appreciated the significant expansion in their activities. In the first quarter, the centres trained more than 1,170 trainees, reached nearly 1,770 textile units through outreach programmes, facilitated institutional credit, strengthened e-commerce linkages, introduced product-led entrepreneurship initiatives and promoted commercialization of new-age fibres such as bamboo, hemp, flax, banana and pineapple fibres.

The CNX Nifty is currently trading at 24207.55, up by 244.75 points or 1.02% after trading in a range of 24120.35 and 24226.05. There were 45 stocks advancing against 5 stocks declining on the index.

The top gainers on Nifty were JIO Financial Services up by 3.83%, Adani Enterprises up by 2.59%, JSW Steel up by 2.55%, Adani Ports &SEZ up by 2.43% and Tata Steel up by 2.26%. On the flip side, Dr. Reddy's down by 1.92%, Bharti Airtel down by 0.92%, Eternal down by 0.80%, Max Healthcare down by 0.23% and Apollo Hospital down by 0.03% were the top losers.

Asian markets were trading in green; Nikkei 225 surged 1011.15 points or 1.49% to 68,755.00, Jakarta Composite gained 6.03 points or 0.1% to 5,918.47, Shanghai Composite strengthened 30.48 points or 0.76% to 4,067.07, KOSPI increased 327.35 points or 4.49% to 7,619.26, Hang Seng advanced 434.82 points or 1.78% to 24,465.00 and Straits Times rose 23.31 points or 0.43% to 5,457.19.
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