HOME > MARKETS > MARKET COMMENTARY
  MARKET COMMENTARY
EQUITY
Bulls tighten grip on markets in late trade
Jul-10-2026

Bulls have tightened their grip on markets during late afternoon session with strong buying seen in market heavy weights like Reliance Industries, ICICI Bank and HDFC Bank. Further, easing geopolitical tensions and global crude oil prices have bolstered sentiment on the bourses. The Brent crude oil prices were trading below the $77 a barrel mark. Investors also remained optimistic after Crisil Intelligence 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. Besides, IT stocks turned in some of the market's best performances on the day after TCS’ Q1FY27 earnings met street estimates. 

On the global front, Asian equity markets were trading mostly higher amid buying among AI related stocks, while China reported 3.2% year-on-year drop in total vehicle sales in June 2026. European equity markets were trading mostly in red after Italy’s industrial production fell more than street expectations in May. The industrial production fell 0.3% month-on-month in May 2026.

The BSE Sensex is currently trading at 77570.25, up by 828.43 points or 1.08% after trading in a range of 77320.56 and 77597.97. There were 25 stocks advancing against 5 stocks declining on the index.

The top gaining sectoral indices on the BSE were Realty up by 3.08%, IT up by 2.04%, Metal up by 1.52%, PSU up by 1.51% and Bankex up by 1.47%, while there were no losers on BSE sectoral index.

The top gainers on the Sensex were Reliance Industries up by 2.13%, Bharat Electronics up by 2.13%, Tech Mahindra up by 2.01%, Infosys up by 1.91% and ICICI Bank up by 1.73%. On the flip side, Eternal down by 1.30%, Bharti Airtel down by 0.50%, Sun Pharmaceutical Industries down by 0.36%, ITC down by 0.23% and Trent down by 0.05% were the top losers.

Meanwhile, Union MSME Minister Jitan Ram Manjhi has urged banks to enhance access to institutional credit for micro, small and medium enterprises (MSMEs) and called on all stakeholders to ensure the effective implementation of the government's flagship schemes to support the sector's growth. 

During his two-day visit to Puducherry on July 8-9, the minister has reviewed the progress of key MSME Ministry initiatives and directed stakeholders to strengthen support for MSMEs through improved access to technology, credit and finance, skill development, market opportunities, and quality support infrastructure. The discussions were also focused on increasing awareness and wider adoption of these schemes.  

Manjhi has chaired a comprehensive review meeting attended by officials of the Ministry, Government of Puducherry, Development & Facilitation Office, Khadi and Village Industries Commission, Coir Board, National Small Industries Corporation (NSIC), SIDBI, members of the State Level Bankers' Committee (SLBC), MSME associations and other stakeholders. The visit reaffirmed the Ministry's commitment to strengthening MSME ecosystem in Puducherry through improved access to finance, advanced technology, skill development, quality infrastructure and enhanced institutional support.

The CNX Nifty is currently trading at 24212.30, up by 249.50 points or 1.04% after trading in a range of 24120.35 and 24226.05. There were 40 stocks advancing against 10 stocks declining on the index.

The top gainers on Nifty were Jio Financial Services up by 3.59%, HDFC Life Insurance up by 2.82%, Adani Enterprises up by 2.49%, SBI Life Insurance up by 2.20% and Bharat Electronics up by 2.19%. On the flip side, Dr. Reddy's Laboratories down by 2.13%, Eternal down by 1.33%, Bharti Airtel down by 0.57%, Nestle India down by 0.49% and Sun Pharmaceutical Industries down by 0.47% were the top losers.

Asian equity markets were trading mostly in green; Nikkei 225 surged 977.15 points or 1.42% to 68,721.00, Hang Seng advanced 108.82 points or 0.45% to 24,139.00, KOSPI increased 184.03 points or 2.46% to 7,475.94 and Straits Times rose 30.81 points or 0.56% to 5,464.69, while Shanghai Composite weakened 40.43 points or 1.01% to 3,996.16 and Jakarta Composite plunged 11.07 points or 0.19% to 5,901.37. Meanwhile, Taiwan market remained closed today.

European equity markets were trading mostly in red; France’s CAC fell 5.92 points or 0.07% to 8,320.70 and Germany’s DAX lost 26.27 points or 0.1% to 25,092.00, while UK’s FTSE 100 increased 1.18 points or 0.01% to 10,473.63.
  RELATED NEWS >>
Most Viewed >>
EXPLORE
© CITRUS INTERACTIVE
Designed & Developed Accord Fintech Pvt. Ltd.