Stock Market Today: Sensex Jumps Nearly 700 Points, Nifty Crosses 24,150 as IT Stocks Rally
Published: 10 July 2026
Category: Stock Market | Business News | Share Market
Sensex and Nifty Open Strong on IT Rally
Indian equity markets opened sharply higher on Friday, 10 July 2026, led by strong buying in IT stocks after Tata Consultancy Services (TCS) reported better-than-expected June quarter earnings and expressed confidence about improving demand in the coming quarters.
In early trade, the BSE Sensex surged nearly 700 points, while the NSE Nifty crossed the 24,150 mark. Positive global market cues also boosted investor sentiment.
Stock Market Today: Key Highlights
| Index | Early Trade |
|---|---|
| BSE Sensex | 77,423.82 (+694.83 points) |
| NSE Nifty 50 | 24,154.85 (+195.95 points) |
Top Gainers on Sensex
The biggest gainers in early trade included:
- HCL Technologies
- Infosys
- Tata Consultancy Services (TCS)
- Tech Mahindra
- UltraTech Cement
- Asian Paints
Top Losers
- Bharti Airtel
- Sun Pharma
Why Did the Market Rise Today?
The rally was driven by several positive factors:
- Strong Q1 earnings from TCS.
- Positive management outlook for improving IT demand.
- Buying interest in large-cap technology stocks.
- Positive global market performance.
- Improved investor confidence despite geopolitical tensions.
TCS Q1 Results Boost IT Stocks
India's largest IT services company TCS reported:
- Net Profit: ?13,349 crore
- Year-on-Year Growth: 4.61%
The company also indicated that demand, which had slowed due to geopolitical uncertainties, is expected to improve during the current quarter.
Following the results, TCS shares gained nearly 2%, lifting the broader IT sector.
Global Markets Today
Major Asian markets traded higher:
| Market | Performance |
|---|---|
| South Korea (Kospi) | +4% |
| Japan (Nikkei 225) | +1.91% |
| Hong Kong (Hang Seng) | +1.73% |
| China (Shanghai Composite) | +0.76% |
US markets also closed in positive territory overnight, supporting global investor sentiment.
Other Market Updates
- Brent Crude Oil: $76.55 per barrel (+0.33%)
- Foreign Institutional Investors (FIIs): Sold equities worth ?532.86 crore in the previous trading session.
- Indian Rupee: Strengthened against the US Dollar in early trade.
Expert View
Market experts believe that despite ongoing geopolitical tensions in West Asia, investors are focusing more on strong corporate earnings and improving global market sentiment.
However, analysts advise investors to remain cautious and monitor international developments closely.
Previous Market Close
| Index | Closing Level |
|---|---|
| Sensex | 76,741.82 (+238.22) |
| Nifty | 23,962.80 (+80.75) |
Conclusion
The Indian stock market started the day on a strong note, with Sensex gaining nearly 700 points and Nifty crossing 24,150, driven by robust buying in IT stocks after TCS's encouraging quarterly results. Investors will now closely watch upcoming corporate earnings, global market trends, and geopolitical developments for further market direction.
Stay connected with GlobalFamily for the latest Stock Market News, IPO Updates, Business News, Mutual Funds, Personal Finance, and Investment Insights.
