Indian equity benchmarks surged in early trade on July 10, 2026, with the BSE Sensex jumping nearly 700 points, driven by robust buying in IT stocks and a positive trend in global markets. The 30-share pack climbed 698.54 points to trade at 82,456.78 in the initial session, while the broader NSE Nifty advanced 201.45 points to 25,103.60.
IT Stocks Lead the Rally
Information technology stocks emerged as the top gainers, with major players like Infosys, TCS, and HCL Technologies witnessing significant buying interest. According to market analysts, the rally was fueled by strong quarterly earnings expectations and a favorable demand outlook for the sector. The Nifty IT index surged over 2% in early deals.
Global Cues Support Domestic Markets
Positive sentiment across Asian and US markets also contributed to the uptick. Overnight gains on Wall Street, driven by easing inflation concerns and robust corporate earnings, set a bullish tone for Asian peers. Japan's Nikkei and Hong Kong's Hang Seng indices traded higher, further boosting investor confidence.
Broader Market Gains
Besides IT, banking and auto stocks also contributed to the rally. The BSE Bankex rose 0.8%, led by HDFC Bank and ICICI Bank. Auto majors like Maruti Suzuki and Mahindra & Mahindra gained on expectations of strong sales data. Among the Sensex components, 27 stocks advanced, while only three declined.
Market Outlook
Analysts remain cautiously optimistic, citing domestic fundamentals and global liquidity. However, they advise monitoring geopolitical developments and central bank policies. According to a senior analyst at a domestic brokerage, "The momentum is likely to continue in the near term, but volatility may persist due to global cues."
