Stock Market Alert: Nifty, Sensex Open Flat; Bank, Financials In Green; IT Stocks In Focus Ahead Of TCS Result

Stock Market Alert: Nifty and Sensex opened in green on Thursday, July 10, with Tata Consultancy Services (TCS) shares remaining stable ahead of their first quarter result for the financial year 2025-26.

Nifty 50 opened 35 points higher at 25,511 points, whereas BSE Sensex surged around 122.12 points at 83,658 points. Nearly all the broad market indices remained in green today. Nifty 500, Nifty Midcap 50, Nifty Midcap 100, Nifty Smallcap 50, Nifty Smallcap 250 and other broadmarket indices were trading in green on Thursday.

IT sector stocks remained under pressure ahead of TCS Q1 results set to be announced today. TCS quarterly result will mark the beginning of quarterly earnings season in June.

Stock Market Top Losers, Top Gainers

Tata Steel, Bajaj Finance, Power Grid, Adani Enterprises, Bajaj Finance, Axis Bank, Adani Ports, IndusInd Bank, Hindalco, and ONGC were among the top gainers on NSE and BSE.

Whereas, Wipro, Infosys, Apollo Hospital, Cipla, Bharti Airtel, TCS, HDFC, BEL, etc were among the top laggards on NSE and BSE today.

Stock Market Recap

Nifty ended marginally lower at 25,476 points on Wednesday, with Nifty Metal stocks emerging as the top laggards after United States President Donald Trump announced that impose 50% tariffs on copper imports.

"Nifty Pharma index closed in the green as concerns allayed after US deferred the planned 200% tariffs on pharmaceutical imports by 12-18 months. Shares of IT companies would be in focus with the TCS Q1FY26 result announcement on Thursday. We expect TCS to post revenue decline of 0.5% QoQ in constant currency terms, with EBIT margins likely to remain flat, impacted by talent investments, lower utilisation, and limited operating leverage. The broader market ended mixed with Nifty Midcap100 down 0.2%, while Smallcap100 gained 0.5%. Indian markets remain in a wait-and-watch mode, tracking the conclusion of the India-US mini trade deal, which is likely to determine the near-term market direction," stated Siddhartha Khemka, Head - Research, Wealth Management, Motilal Oswal Financial Services Ltd.

Global Stock Market Today

The S&P 500 saw a rise of 37.74 points, marking an increase of 0.61%, with a trading volume of 2.812 billion. Meanwhile, the Dow Jones Industrial Average climbed by 217.54 points, reflecting a 0.49% gain, and recorded a volume of 533.538 million.

The NASDAQ Composite experienced a notable increase of 192.88 points, which is a 0.94% rise, with a substantial volume of 9.266 billion shares traded. The NYSE Composite Index also saw an uptick, gaining 66.27 points or 0.32%.

In Asia, the Hang Seng Index edged up by just 17.83 points or a slight increase of 0.07%. The KOSPI Composite Index inched up by 28.82 points, reflecting a growth rate of 0.92% and had a trading volume of approximately 397,052 shares.

The Nikkei 225 in Japan faced a decline, dropping by 253.87 points or -0.64%. Meanwhile, the S&P/ASX200 in Australia rose by 52.20 points or an increase of about 0.61%.

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