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Indian stock market live updates: Indian equities in Friday's session opened weak after subdued TCS earnings. At the open, the NSE's Nifty50 was trading weak by 81 points or 0.32 per cent at 25,274.05, while the 30-share Sensex fell over 339 points or 0.41 per cent to 82,850.8. Meanwhile, the Nifty Midap 100 index was down 0.13 per cent.

The high beta Bank Nifty index also traded weak with a cut of over 87 points.

From the Nifty pack, top gainers were HUL, SBI Life Insurance, Tata Consumer Products, Axis Bank and NTPC, while laggards were Infosys, TCS, M&M, Tech Mahindra and Apollo Hospitals.

The Foreign institutional investors (FIIs) bought equities worth Rs 221 crore on July 10, while Domestic institutional investors (DIIs) also purchased equities worth Rs 591 crore on the same day.

Given the current environment marked by uncertainty and elevated volatility, traders are advised to adopt a cautious “wait and watch” approach, particularly with leveraged positions. Booking partial profits on rallies and employing tight trailing stop-losses is recommended.  Overall, while sentiment remains cautiously bullish, traders should keep a close eye on key technical levels and evolving global cues.

Even as IT stocks led the losses, other gauges that trade with cut include realty, consumer durables, oil and gas, while the indices like banks, financial services, metal, pharma and FMCG gauges lent support.

TCS: TCS shares will be in focus after weak Q1 earnings with some of the brokerages slashing target price on the counter,

Avenue Supermarts: The retail major operating DMart will be in focus ahead of its results later today.

Glenmark Pharma:  Glenmark Pharmaceutical’s wholly-owned subsidiary Ichnos Glenmark Innovation Inc (IGI) has inked an exclusive licensing agreement with US drugmaker AbbVie for IGI’s lead drug candidate ISB 2001 for an upfront payment of $700 million (estimated Rs 6,000 crore).

Asian stocks treaded water in today's session amid fresh concerns over US trade tariffs as President Donald Trump announced sharp tariffs against Canada. Nonetheless, China markets were up amid bets of more stimulus measures.

Also, the overnight gains in the US markets failed to spur a rally in the Asian markets.

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