Market Wrap, 10 July 2026: Benchmarks Close In The Green

The Sensex and Nifty 50 ended the day on a high and maintained the winning streak they picked up yesterday. Support from global equities and positive domestic cues helped benchmark indices close on a high. At the closing bell, the:

• Nifty 50 stood at 24,206.90, up 1.02%

• Sensex stood at 77,569.39, up 1.08%

Broader markets also ended on a positive note. The Nifty Midcap 100 index ended 1.40% higher. The Nifty Smallcap 100 index closed 1.55% higher. Sectorally, outperformance was recorded in the Nifty Metal, Nifty IT, Nifty Consumer Durables, Nifty Healthcare and Nifty Pharma (see table).

Nifty 50 Gainers And Losers

The following stocks emerged as the top gainers and losers in the Nifty 50 index today:

Factors That Uplifted Markets

The following factors contributed to D-Street extending its rally:

• Surge in information technology (IT) stocks with gains in heavyweights such as TCS, Tech Mahindra, Infosys, HCL Tech, L&T Technology Services and Coforge, among others.

• Despite renewed military tensions between the US and Iran, crude oil rates today did not explode to levels that investors feared. Both Brent crude futures and West Texas Intermediate (WTI) futures were below $80 per barrel. At 15:38, Brent September crude oil futures stood at $76.24 per barrel, while WTI August crude oil futures stood at $72.02 per barrel.

• Broad-based rally with several sectoral indices trading in the green. At the same time, India VIX declined significantly.

Other Important Headlines

Here are some other headlines of today:

• The Oil and Natural Gas Corporation's board has approved an addition of 1.75 million tonnes of capacity in Mangalore to the national crude reserves.

• Oil prices are on track for strong weekly gains as renewed tensions in the Middle East continue to keep markets on tenterhooks.

• Anti-dumping duties imposed on certain Chinese tubes and pipes have been extended by India till 27 January 2027 to protect domestic makers.

• Inflows in equity mutual funds surged approximately 26% month-on-month to ₹28,973 crore in June as against ₹22,907 crore in May.

Gold And Silver Rates Today

Gold and silver rates were down on the Multi-Commodity Exchange (MCX). At 15:40, gold August futures on the MCX stood at ₹1,44,323 per 10 grams, down 0.67%. September silver futures during the same time stood at ₹2,23,072 per kg, down 1.46%.

Also Read - Helios Capital Raises Stake In Adani Enterprises On AI Growth Outlook

Industry watchers feel that though Friday's trade suggests that investors are willing to pour money into quality stocks, two key factors are likely to dictate their direction in the coming days. These are the developments on the US-Iran conflict and the Q1 FY27 earnings.