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Stock Market Highlights: Indices fail to hold opening gains, Nifty give up 25,400

Published on 10/07/2025 03:41 PM

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Broader markets close with cuts but off lows

Sensex falls 346 points to 83,190 & Nifty 121 points to 25,355

Nifty Bank slips 258 points to 56,956 & Midcap index 180 points to 59,160

Nearly 40 Nifty stocks close in the red, Bharti Airtel top Nifty loser

HDFC Life slips while Max Fin rises post life insurance monthly data

IT stocks are largely in the red ahead of TCS & Tata Elxsi results

Asian Paints slips 2% after company sells its entire 4.4% stake in Akzo Nobel

IndusInd Bank & Maruti are amongst top Nifty gainers in a weak session, up 1.5% each

Defence stocks see profit booking, Bharat Dynamics falls 5% & Solar Ind over 3%

BSE extends losses as market volumes remain thin, closes with a cut of 2%

LIC falls 2% on weak insurance data & reports of govt looking to stake via OFS

Glenmark Pharma is up over 5% on US FDA’s nod for its lead asset, ISB 2001

Paytm continues to see buying ahead of quarterly update, up 4% today

PFC & REC close in the green as Morgan Stanley releases positive brokerage note

IREDA ends higher as govt allows company to raise fund via capital gain bond, up 2%

Prestige Estates gains 3% as brokerages release positive notes post Q1 update

Market breadth favours declines, NSE advance-decline ratio at 1:1

US stock futures slipped early Thursday after the S&P 500 recouped some of its losses from this week’s tariff-fueled slide. S&P 500 futures traded 0.25% lower, while the Nasdaq 100 futures dropped 0.29%. Futures tied to the Dow Jones Industrial Average were down 107 points, or less than 0.24%.

Catch live updates with CNBC-TV18.com’s blog 

– Order value for performance Chemiserve is of ₹1,200 crore and for 5.5 years

– Supply will commence May 2026 and end on December 31, 2031

Tata Consultancy Services Ltd. (TCS), India’s largest technology services company is set to report its June quarter results after market hours on Thursday, July 10. As per the CNBC-TV18 poll, the company’s US Dollar revenue and net profit are both likely to see little change compared to the December quarter.

Catch the live updates with CNBC-TV18.com’s blog 

The Canara Bank on Thursday informed the Bombay High Court that it has withdrawn its order classifying as “fraudulent” the loan account of a firm linked to industrialist Anil Ambani.

GP Eco bags EPC order worth ₹121 crore for a solar power project in Punjab.

#CNBCTV18Market | #IREDA in focus, higher ahead of results & on govt’s nod to raise fund via capital gain bond, up over 2% pic.twitter.com/XhWYtyLKLP

— CNBC-TV18 (@CNBCTV18Live) July 10, 2025

Sanathan Textiles is optimistic about clocking double-digit EBITDA margins in FY26, backed by new capacity coming onstream and favourable global trade conditions.

US Stock futures slipped early Thursday after the S&P 500 recouped some of its losses from this week’s tariff-fueled slide. US President Donald Trump said Wednesday that the 50% tariff on copper imports, which he had announced the previous day, will take effect on August 1. Catch all the live updates here

Vedanta has come under fresh criticism after a report by Viceroy Research, but market expert Rakesh Arora, Founder of Go India Stocks, says the concerns are old and no longer valid. Arora told CNBC-TV18 that Vedanta has already cut its debt and restructured its business, so there’s little reason for short sellers to target the stock now. #MarketWithCNBCTV18 | Stocks in Focus,

????Prestige Estates; Brokerages Release +ve Notes After Strong Q1 Update

????Bharat Dynamics; Under Pressure On Rpts Related To Akash Missile

????CONCOR; Buying Continues As EXIM, Higher Contributor To Rev, Outperforms In Q1 pic.twitter.com/zeyajZGuec

— CNBC-TV18 (@CNBCTV18Live) July 10, 2025

Nagaraj Shetti of HDFC Securities

Buy PCBL Chemical for a target price of ₹455 with a stop loss of ₹420

Buy VIP Industries for a target price of ₹475 with a stop loss of ₹435

The Metropolitan Stock Exchange of India Limited (MSE), formerly known as MCX Stock Exchange, has unveiled plans to raise ₹1,000 crore as part of its ongoing revival strategy.

SEBI’s recent actions in the F&O market, including tighter rules and a legal dispute with Jane Street, have raised investor concerns. However, mutual fund investors need not worry. Experts clarify that mutual funds are largely unaffected as they typically do not engage in weekly options trading and are allowed to use derivatives only for hedging and rebalancing.

Saurabh Mukherjea, Founder of Marcellus Investment Managers, has flagged concerns over the near-term earnings outlook for India Inc., pointing to weak demand, slow capex, and high household debt.

Personal loans have become easier than ever to access. But experts warn that borrowers must remain careful while choosing one. A wrong decision can hurt your finances for years.

India’s passive investment space continues to expand, even as flows shift across asset classes. According to Association of Mutual Funds in India (AMFI) data, exchange-traded funds (ETFs) drew net inflows worth ₹3,997 crore in June 2025 — lower than May’s ₹5,526 crore — with Gold ETFs dominating on safe-haven demand amid global macro uncertainty.

Edelweiss Financial Services Ltd.’s public issue of non-convertible debentures opened Tuesday.

The debentures offer maturities of 24 months, 36 months, 60 months, and 120 months, with the yields ranging from 9.00% to 10.49%.

Gold prices are likely to see further upside going ahead despite near-term headwinds, as factors such as widening US fiscal deficit and continued buying from the official sector, comprising central banks and government institutions, will support the yellow metal, according to a weekly report on precious metals by Metals Focus.

A US rate cut is unlikely before December as the Federal Reserve is waiting for clearer signs of inflation or labour market slowdown, says Jahangir Aziz, Head of Emerging Market Economic Research at JP Morgan.

Shares of Bharat Dynamics Ltd.are off the highs of the day and are trading 4% lower on Thursday, July 10. The sharp fall in the stock price was seen following a note from brokerage firm Motilal Oswal.

 

Shares of UTI Asset Management Company Ltd. gained over 6% on Thursday, July 10. The stock is now trading at a 52-week high.#JustIN | #ShilpaMedicare’s Unit VI Facility In Bengaluru Gets GMP Certification From Saudi Arabia Regulator pic.twitter.com/uhdwPqbXqI

— CNBC-TV18 (@CNBCTV18Live) July 10, 2025

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