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Post Session: Quick Review
Jul-10-2026

Indian equity benchmarks ended near the day's high points on Friday, with the Nifty and Sensex closing over 1% higher, supported by broad-based buying across sectors. Indices made a positive start and remained firmly in the green throughout the session, led by a rally in IT stocks after TCS reported a rise in its June-quarter net profit. Sentiments were further boosted by expectations that the escalation of hostilities between the U.S. and Iran would remain limited.

Some of the important factors in trade:

India Inc revenues set to grow at two-year high in Q1 despite West Asia tensions: Some support came as Crisil Intelligence said that India Inc's revenues are expected to grow at a two-year high of up to 11.5% in the June quarter of FY27, despite the prevailing tensions in West Asia, which have had a wide-ranging impact, starting with supply chain disruptions and stoking domestic inflation.

Sustained high growth, reforms essential to make India ‘developed economy’ by 2047: Sentiments remained upbeat as the International Monetary Fund said that sustained high growth and continuity in reforms will put India on the path to emerge as a developed economy by 2047.

India, Afghanistan review entire spectrum of bilateral ties in key meet in Delhi: India, Afghanistan review bilateral ties, reaffirm cooperation across key sectors: Traders took support with India and Afghanistan have reviewed the entire spectrum of bilateral relations during the fourth round of India-Afghanistan Joint Committee Meeting held in New Delhi.   

On the global front: European markets were trading mostly higher, amid optimism surrounding AI-driven technology stocks offset concerns over ongoing geopolitical tensions. Asian markets closed mostly in green even after the Asian Development Bank downgraded its growth outlook for developing Asia. 

The BSE Sensex ended at 77569.39, up by 827.57 points or 1.08% after trading in a range of 77320.56 and 77642.23. There were 25 stocks advancing against 4 stocks declining on the index, while one stock remained unchanged. (Provisional)

The top gaining sectoral indices on the BSE were Realty up by 3.40%, IT up by 2.01%, PSU up by 1.58%, Metal up by 1.55% and Capital Goods up by 1.46%, while there were no losing sectoral indices on the BSE. (Provisional)

The top gainers on the Sensex were Reliance Industries up by 2.37%, Bharat Electronics up by 2.17%, Tech Mahindra up by 2.06%, Axis Bank up by 1.92% and Tata Steel up by 1.81%. On the flip side, Eternal down by 0.68%, Bharti Airtel down by 0.44%, Sun Pharma down by 0.35% and Trent down by 0.10% were the top losers. (Provisional)

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 ended at 24206.90, up by 244.10 points or 1.02% after trading in a range of 24120.35 and 24228.45. There were 43 stocks advancing against 7 stocks declining on the index. (Provisional)

The top gainers on Nifty were JIO Financial Services up by 3.68%, HDFC Life Insurance up by 2.84%, Adani Enterprises up by 2.41%, Reliance Industries up by 2.19% and Bharat Electronics up by 2.07%. On the flip side, Dr. Reddy's Labs. down by 1.99%, Nestle India down by 0.90%, Eternal down by 0.84%, Bharti Airtel down by 0.55% and Sun Pharma. Inds. down by 0.17% were the top losers. (Provisional)

European markets were trading mostly in green; UK’s FTSE 100 increased 12.96 points or 0.12% to 10,485.41, and France’s CAC rose 7.88 points or 0.09% to 8,334.50, while Germany’s DAX lost 6.57 points or 0.03% to 25,111.70.

Asian markets settled mostly higher on Friday, tracking Wall Street’s gains overnight with semiconductor and artificial intelligence shares leading the surge ahead of the highly anticipated US stock market debut of South Korean memory-chip maker SK Hynix. Market sentiments rose further as Brent crude prices eased, the American currency weakened and US Treasury bond yields declined following signs that the United States and Iran will continue peace negotiations despite recent clashes. Japanese shares surged as the yen strengthened against its major peers following reports that Japan plans to encourage pension funds to enhance their holdings in local financial assets. Meanwhile, investors shifted their focus on the US Consumer Price Index (CPI) report, while a massive slate of Chinese data is scheduled for release next week.

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

3,996.16

-40.43

-1.00

Hang Seng

24,175.12

144.94

0.60

Jakarta Composite

5,924.36

11.92

0.20

KLSE Composite

1,691.49

13.85

0.83

Nikkei 225

68,557.73

813.88

1.20

Straits Times

5,469.29

35.41

0.65

KOSPI Composite

7,475.94

184.03

2.52

Taiwan Weighted

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