Sensex jumps 828 points as IT rally lifts Nifty 2026

Early trade surge sets the tone

Indian equities opened firmly higher on Friday (July 10, 2026), with benchmark indices gaining sharply in early deals as information technology stocks led the advance. The trigger came from Tata Consultancy Services (TCS), which reported a rise in June-quarter net profit and signalled that demand conditions could improve in the ongoing quarter. A supportive global market mood added to risk appetite in early trade, helping the rally broaden beyond IT.

In the first phase of trading, the 30-share BSE Sensex jumped 694.83 points to 77,423.82. The NSE Nifty50 surged 195.95 points to 24,154.85. Around 9:30 a.m., another update had the Sensex up 703.96 points, or 0.92%, at 77,445.78, while the Nifty rose 196.25 points, or 0.82%, to 24,159.05.

By the end of the session, the move sustained, with headline indices closing decisively higher.

Sensex and Nifty close strong after IT-led buying

The Sensex settled 827.57 points, or 1.08%, higher at 77,569.39. The Nifty closed up 244.10 points, or 1.02%, at 24,206.90, ending above the 24,200 mark. Reports during the day also pointed to broad participation across sectors, with most Nifty sectoral indices in the green.

The day’s gains came after a positive prior session. On Thursday (July 9), the Sensex rose 238.22 points, or 0.31%, to 76,741.82, while the Nifty added 80.75 points, or 0.34%, to 23,962.80.

TCS Q1 numbers and demand commentary drive sentiment

TCS traded nearly 2% higher in early trade in one update, while other reports noted the stock rising more than 3% after its June-quarter earnings and commentary. The company reported a 4.61% increase in June-quarter consolidated net profit to ₹13,349 crore.

Management commentary on demand was closely watched, given that parts of the market had been tracking the impact of the West Asia crisis on technology spending and deal flows. TCS indicated that demand, which was impacted by the West Asia crisis, is expected to improve in the ongoing quarter. This helped set a constructive tone for the broader IT pack, with investors responding to both the earnings print and the forward-looking demand signal.

IT stocks lead the advance across large caps

From the Sensex pack, HCL Tech, Infosys, Tata Consultancy Services, and Tech Mahindra featured among the major gainers in early trade. Another market update showed sharp early gains in key IT names: Tech Mahindra rose 3.64%, TCS gained 3.48%, HCLTech climbed 3.43%, and Infosys advanced 3.42%.

The Nifty IT index jumped over 3% in early trade, making it the top-performing sector at that stage. By market close, the Nifty IT index was reported at 28,010.40, up 539.15 points (1.96%).

Broader participation: midcaps, smallcaps and sectoral moves

Beyond frontline indices, broader market segments also strengthened. The Nifty Smallcap 100 and Nifty Midcap 100 indices gained 1.42% and 1.19%, respectively, in one update. Sectorally, a report noted all major Nifty sectoral indices trading in the green, while another said all sectoral indices were green except Nifty Pharma, with IT leading.

These readings suggested that the day’s rise was not limited to a handful of heavyweights, even though IT was the central driver. Buying was also seen in other index constituents such as UltraTech Cement and Asian Paints among early winners, alongside a wider set of BSE gainers in one report.

Global cues, crude signals and easing volatility

Market commentary repeatedly pointed to supportive global cues. Asian markets were described as firm, and easing volatility also helped sentiment. The India VIX, widely tracked as the market’s volatility gauge, declined around 6% to 12.63, aligning with the risk-on tone.

Separately, stable to easing crude oil prices were cited as supportive, amid attention on geopolitics including US-Iran talks and tensions linked to the Strait of Hormuz. The combination of firmer global equities, a softer volatility backdrop, and comfort on oil prices helped sustain intraday buying interest.

Stock-specific mover: Dixon Technologies gains

Dixon Technologies advanced 3% after the company said the government approved its joint venture with Chinese smartphone maker Vivo Mobile. The approval was highlighted as paving the way for setting up a smartphone manufacturing company in India. While the broader session was dominated by IT, single-stock moves like Dixon’s reflected selective interest in manufacturing and electronics-linked themes.

Background: a volatile recent run for IT stocks

The strength in IT on July 10 came after a period of sharp swings in the sector. A separate market episode referenced a steep fall on June 19, when the Nifty IT index plunged more than 6% after Accenture lowered its FY27 revenue growth guidance. Accenture revised its expected revenue growth range to 3%-4% from an earlier 3%-5%, which amplified worries around discretionary tech spending.

That earlier sell-off saw large-cap Indian IT names facing heavy pressure, with Infosys falling nearly 8% and TCS dropping more than 6% in that session. Against this backdrop, the TCS-led rebound on July 10 stood out as a sentiment reset driven by domestic earnings and incremental comfort on demand commentary.

Key numbers at a glance

Market impact: what moved and why it mattered

The session reinforced how heavyweight IT earnings can quickly shift near-term index direction, especially when management guidance is interpreted as stabilising. TCS’s profit growth and its signal of improving demand in the ongoing quarter helped pull other IT leaders higher, lifting both the Sensex and Nifty decisively above the previous day’s range.

At the same time, the fall in India VIX to 12.63 and supportive global cues were consistent with improving risk sentiment, which tends to increase participation across sectors and market caps. With smallcaps and midcaps also gaining, the day’s move was not narrowly concentrated, even though the IT surge was the clearest headline driver.

Analysis: levels, positioning and what traders watched

Technical commentary during the day reflected a market weighing upside follow-through after the prior session’s recovery. Anand James, Chief Market Strategist at Geojit Investments, said, “The recovery swing having unfolded yesterday on anticipated lines, we are now left with the choice of either playing the upswing till 24200-24229 or position for resumption of Wednesday’s declines.”

Separately, another technical view noted Nifty breaking out of recent consolidation, with the potential to advance towards 24,300-24,500, while placing immediate support at 24,000. These views framed how market participants assessed momentum once Nifty reclaimed the 24,200 zone by the close.

Conclusion

Indian equities ended July 10 on a strong note, with the Sensex up 827.57 points and the Nifty closing at 24,206.90, supported by broad buying led by IT. The rally was anchored by TCS’s June-quarter net profit growth to ₹13,349 crore and its commentary pointing to improving demand in the ongoing quarter. Market attention will remain on follow-through in IT after the earnings-driven move, and on whether volatility and global cues stay supportive in the sessions ahead.