The Indian stock market extended its winning streak for a second consecutive session on July 10, 2026, with the BSE Sensex surging over 800 points on the back of strong buying across sectors. The 30-share benchmark index closed at 77,569.39, up 827.57 points or 1.08%, after touching an intraday high of 77,642.23, a gain of 900.41 points or 1.17%.
Market breadth remains positive
Market participants attributed the rally to positive global cues and sustained buying by domestic institutional investors. All sectoral indices ended in the green, with banking, IT, and auto stocks leading the charge. The broader markets also performed well, with the BSE midcap and smallcap indices rising over 1% each.
Key drivers of the rally
According to analysts, optimism over the government's continued focus on economic reforms and strong corporate earnings expectations fueled investor sentiment. Foreign portfolio investors also turned net buyers after a period of selling, adding to the momentum. The rally was broad-based, with 28 of the 30 Sensex components closing higher.
Technical outlook remains bullish
Technical analysts noted that the Nifty50 also gained, rising 0.9% to close above the 23,600 level. The index formed a bullish candlestick pattern on the daily chart, indicating further upside potential. Support is seen at 23,300, while resistance is at 23,800.
Global markets provide tailwind
Positive cues from Asian and European markets also supported domestic indices. The US Federal Reserve's dovish stance on interest rates and easing inflation concerns boosted risk appetite globally. The dollar index weakened, providing a further boost to emerging markets like India.
Market experts advise investors to remain cautious and focus on quality stocks with strong fundamentals, as volatility may return in the near term. However, the overall trend remains positive, with the Sensex targeting the 78,000 mark in the coming sessions.
