Nifty ended lower for the second consecutive session on July 10, as volatility spiked ahead of the weekly derivatives expiry.
Investor sentiment remained muted, with no fresh domestic or global triggers to support momentum.
Market participants stayed cautious ahead of the June-quarter earnings season, set to kick off with TCS’s results.
Progress on the India–US trade deal was also being closely watched, adding to the cautious tone
Nifty IT was the biggest sectoral laggard, dragged down by key stocks like Infosys, Wipro, TCS, and Tech Mahindra.
Analysts anticipate a muted Q1 earnings season for the IT sector, citing global macroeconomic headwinds and weak client spending trends
Sectoral Trends
Sector Name
% Change
Sector Name
% Change
NIFTY REALTY
0.7
NIFTY AUTO
-0.1
NIFTY METAL
0.4
NIFTY MEDIA
-0.2
NIFTY CONSUMER DURABLES
0.1
NIFTY PRIVATE BANK
-0.5
NIFTY OIL & GAS
0.0
NIFTY HEALTHCARE INDEX
-0.6
Top News
IREDA shares rose over 2% on July 10 ahead of its Q1 results, supported by a strong business update showing robust growth in loan sanctions and disbursements, highlighting momentum in renewable energy financing.
Vedanta stock remained under pressure, extending losses after US-based Viceroy Research accused its parent company of operating like a ‘Ponzi scheme’ and disclosed a short position in its debt.
TCS reported a strong $9.4 billion TCV in Q1, beating estimates despite macro headwinds, with growth seen in BFSI and energy verticals, while other segments like manufacturing and consumer business saw a decline.
Top Gainers and Losers
Top Gainers
% Change
Top Losers
% Change
INDUSINDBK
1.6
BHARTIARTL
-2.8
MARUTI
1.4
ASIANPAINT
-2.1
TATASTEEL
1.0
HDFCLIFE
-2.1
Trade Ideas Update
Our trade ideas success rate has 83% over the past month, even with increased volatility in the benchmark index. Follow Trade Ideas for timely stock insights.
