The Indian stock market on Thursday, July 10, 2025, extended its cautious trading, with benchmark indices closing lower. Investor sentiment was primarily influenced by the commencement of the Q1 earnings season, with TCS results in focus, and persistent global uncertainties surrounding trade tariffs. The IT sector, in particular, faced significant selling pressure.
Table of Contents
- Key Market Indices Performance
- Broader Market Mixed, Sector Rotation Continues
- Sector-wise Performance Highlights
- Top Stock Market News of the Day
- FII and DII Activity Today
- IPOs, Listings, and Market Buzz
- Top Gainers and Losers
- Economic and Global Factors
- What to Watch in the Coming Days
- Final Takeaway
The Indian equity benchmarks settled lower on Thursday, July 10, 2025, reflecting cautious investor sentiment:
- TheBSE Sensex fell 346.01 points or 0.41% to close at 83,188.75.
- The Nifty 50 dipped 121.20 points or 0.47% to settle at 25,355.00.
The indices remained volatile throughout the day. The India VIX, the volatility index, eased further by 2.09% to approximately 11.94, indicating a slight reduction in market nervousness despite the fall.
The broader market remained mixed, with continued focus on selective buying and underperformance in the broader indices:
- While the main indices showed weakness, the Nifty MidCap 100 and Nifty SmallCap 100 slipped 0.32% and 0.30% respectively, also closing in the red.
- The market breadth was negative, with more declining stocks than advancing ones on the NSE, suggesting widespread caution.
Sectoral performance remained varied, with certain sectors showing strength while others faced headwinds:
Top Performing Sectors (intra-day):
- FMCG, Auto, Financial Services, Pharma, and Consumer Durables sectors showed resilience, with some closing higher.
- Stocks like Maruti Suzuki, Jio Financial, IndusInd Bank, Tata Steel, and Bajaj Finance were among the gainers from Nifty 50.
This suggests a continued rotation of funds towards stable, consumer-oriented sectors, and those perceived as defensive amidst global uncertainties.
Declining Sectors (intra-day):
- IT stocks were the primary drag, declining by about 0.4% ahead of TCS Q1 results.
- Defence, Pharma, and PSU Bank were among other major sectors that traded in red.
- Bharti Airtel, Cipla, Wipro, Tech Mahindra, and Infosys depreciated significantly.
- Metal and Realty sectors showed some resilience but ended largely in negative territory.
Several significant domestic and global developments shaped market sentiment:
- TCS Q1 FY26 Earnings: Tata Consultancy Services (TCS) was set to kick off the Q1 FY26 earnings season later in the day. Analysts anticipate modest growth, with net profit expected to rise by 1% to 3% year-on-year, and revenue growth projected between 2.7% to 3.8%. The market remained cautious, contributing to the broader IT sector's decline.
- India-US Trade Deal Uncertainty: The ongoing tension over US-India trade deal negotiations continued to rattle investor sentiment. The extension of the US tariff deadline to August 1 provided temporary relief, but underlying concerns persisted.
- New US Tariffs: The US announced new tariffs, including a 35% tariff on imports from Bangladesh, effective August 1. Donald Trump also reiterated warnings of a 10% tariff on BRICS nations and confirmed a 50% tariff on copper products from August 1.
- LIC Shares Down:LIC shares were down 2.06% on the NSE, trading at ₹926.50, amidst news that the government plans to sell a minority stake in the insurance giant.
- ET Money Launches Loans Against Mutual Funds: ET Money, a 360 ONE company, launched Loans Against Mutual Funds (LAMF), allowing investors to borrow against their existing mutual fund holdings instantly without liquidating them.
- Apollo Hospital Restructuring: Despite recent positive news regarding its business restructuring, Apollo Hospital saw a decline, possibly due to profit-booking or broader market caution affecting healthcare stocks.
The movements of Foreign Institutional Investors (FIIs) and Domestic Institutional Investors (DIIs) remained critical indicators:
- Foreign Institutional Investor (FII) Activity: On Wednesday (July 9, 2025), FIIs were net buyers, with a net purchase of ₹77.00 crore. Their activity for Thursday (July 10, 2025) will be released after market hours.
- Domestic Institutional Investor (DII) Flows: DIIs continued their strong buying momentum on Wednesday (July 9, 2025), recording a significant net purchase of ₹920.83 crore in equities. Their activity for Thursday (July 10, 2025) will be released after market hours.
- Impact on Market Sentiment: The robust DII buying continued to act as a crucial counter-balance to any FII selling, providing essential market support amidst global uncertainties and general caution.
The Indian primary market witnessed continued activity and investor interest:
Key IPOs and Listings Today/Recent:
- Smartworks Coworking Spaces IPO: This mainboard IPO opened for subscription on Thursday, July 10, 2025, with a price band of ₹387 to ₹407 per share. On Day 1, it was subscribed 23% by 1:06 PM, led by Non-Institutional Investors (NIIs) and retail investors. The IPO aims to raise between ₹576 crore to ₹583 crore and will close on July 14.
- Cryogenic OGS Limited IPO: This SME IPO, which closed on July 7, 2025, was set to list on July 10, 2025, on the BSE SME platform. It was heavily oversubscribed, reaching 694.90 times.
- White Force IPO: This SME IPO also listed on July 10, 2025, on the BSE SME platform.
- Travel Food Services IPO: This mainboard IPO, which closed on July 9, is tentatively scheduled for allotment on July 10, 2025.
- GLEN Industries IPO: This SME IPO, which opened on July 8, will close on July 10, 2025. As of July 9 (Day 2), it was subscribed 12.25 times.
Individual Stock Movers:
- Innovana Thinklabs and WhiteForce hit new 52-week highs, with Innovana jumping over 11%.
- Several IT stocks, including Wipro, Tech Mahindra, Infosys, Coforge, and Persistent Systems, saw declines.
Top Gainers
- IndusInd Bank
- Closing Price: ₹853.90
- Percentage Change: 1.56%
- Observation: The stock closed at ₹853.90, showing a positive change of 1.56%. This indicates an increase from its previous trading session's closing price (which is not provided).
- Maruti Suzuki
- Closing Price: ₹12,644.00
- Percentage Change: 1.40%
- Observation: The stock closed at ₹12,644.00, registering a positive change of 1.40%. This implies an upward movement from its previous close.
- Tata Steel
- Closing Price: ₹160.63
- Percentage Change: 1.03%
- Observation: The stock closed at ₹160.63, with a positive change of 1.03%. This signifies an increase compared to its last closing price.
- Bajaj Finance
- Closing Price: ₹946.85
- Percentage Change: 0.66%
- Observation: The stock closed at ₹946.85, showing a positive change of 0.66%. This indicates an increase from its previous trading session's closing price.
- Bajaj Finserv
- Closing Price: ₹2,037.30
- Percentage Change: 0.54%
- Observation: The stock closed at ₹2,037.30, with a positive change of 0.54%. This signifies an upward movement from its previous close.
Overall Observation: All five companies (IndusInd Bank, Maruti Suzuki, Tata Steel, Bajaj Finance, and Bajaj Finserv) showed positive percentage changes in their stock prices, indicating a gain for the trading period these figures represent.
Top Losers
- Bharti Airtel
- Closing Price: ₹1,964.00
- Percentage Change: 2.76%
- Observation: The stock closed at ₹1,964.00, experiencing a negative change of 2.76%. This indicates a decline in its price from its previous trading session's close.
- Asian Paints
- Closing Price: ₹2,447.50
- Percentage Change: 2.06%
- Observation: The stock closed at ₹2,447.50, showing a negative change of 2.06%. This signifies a decrease in its value compared to its last closing price.
- HDFC Life
- Closing Price: ₹770.15
- Percentage Change: 2.05%
- Observation: The stock closed at ₹770.15, with a negative change of 2.05%. This indicates a fall in its price from its previous close.
- Apollo Hospital
- Closing Price: ₹7,353.00
- Percentage Change: 1.55%
- Observation: The stock closed at ₹7,353.00, registering a negative change of 1.55%. This implies a downward movement in its value.
- Shriram Finance
- Closing Price: ₹671.75
- Percentage Change: 1.37%
- Observation: The stock closed at ₹671.75, showing a negative change of 1.37%. This signifies a decrease in its price compared to its last closing price.
Overall Observation:
In contrast to the previous set of stocks, all five companies (Bharti Airtel, Asian Paints, HDFC Life, Apollo Hospital, and Shriram Finance) showed negative percentage changes in their stock prices. This indicates a decline for the trading period these figures represent, relative to their previous closing prices.
- Crude Oil Updates: Global crude oil benchmark Brent crude rose slightly by 0.1% to $70.25 a barrel, while WTI crude was flat at $68.39 a barrel.
- Global Geopolitical Factors: Global markets remained attentive to President Trump's tariffs. The announcement of new tariffs on Brazilian goods and confirmed tariffs on copper from August 1 continued to weigh on global trade sentiment.
- US Market Trends: US markets closed higher on Wednesday (July 9, 2025), with the Nasdaq Composite hitting a new record, led by technology stocks. Nvidia became the world's first company to hit a $4 trillion valuation before settling slightly lower. Asian markets on Thursday showed mixed trends, with South Korea's Kospi rising, while Japan's Nikkei fell due to profit-taking. European markets were mostly higher.
- US Jobless Data: Markets are awaiting US jobless data later on Thursday, with claims expected to rise slightly.
The Indian stock market is entering a crucial period with several key events on the horizon:
- Q1 FY26 Earnings Season: The full impact of Q1 earnings, particularly from major IT companies like TCS (which released results today), and upcoming results from Wipro (July 17, 2025) and others, will be closely watched. Corporate commentary on demand outlook and margin performance will guide market direction.
- Upcoming Economic Data: The Consumer Price Index (CPI) for June 2025, scheduled for release on July 14, 2025, will be a key indicator for inflation trends and future RBI policy.
- Global Trade Developments: The evolving US tariff situation and the August 1 deadline for new tariffs will continue to be a significant global and domestic market driver. Any further announcements or clarity on trade negotiations will be critical.
- FII Flows: The volatility of Foreign Institutional Investor (FII) flows will be closely monitored, as they are heavily influenced by global economic developments and interest rate outlooks.
The Indian stock market on July 10, 2025, continued to exhibit caution, largely driven by global trade uncertainties and the highly anticipated Q1 earnings season kick-off by TCS. The IT sector faced pressure, highlighting investor apprehension about the upcoming results.
While domestic institutional investor activity remained supportive, the market is in a "wait-and-watch" mode. Investors will keenly observe the US tariff situation, global economic data, and the flow of Q1 earnings from various sectors for definite cues.