Top gainers & losers today on NSE, BSE today 10th July: IT drag pulls D-Street down ahead of TCS Q1 results; defence index down 2%
Equity benchmark indices ended in negative territory as investors adopted a cautious tone before Tata Consultancy Services (TCS) Q1 earnings, weighing heavily on IT stocks. In addition, renewed concerns over potential US tariffs continued to rattle market sentiment.
Vinod Nair, Head of Research, Geojit Investments, said the recent consolidation in IT stocks largely factors in the muted outlook, limiting further worries.
After a muted start, BSE Sensex settled 345.80 points or 0.41 per cent lower at 83,190.28, and Nifty 50 declined by 120.85 points or 0.47 per cent to 25,355.25. Both the midcap and smallcap segments managed to restrict their corrections.
“The market experienced consistent selling pressure throughout the day at higher levels. It also formed a bearish candle on the daily charts and is exhibiting a lower top formation on the intraday charts, which is largely negative,” Shrikant Chouhan, Head, Equity Research, Kotak Securities, said.
According to Vikram Kasat, Head – Advisory, PL Capital, the markets may remain choppy in the near term, unless broader cues provide a decisive break-out.
The mid- and small-caps had limited negative action, reflecting a wait-and-watch approach amid rising expectations of a better earnings outlook compared to the large caps, Nair added.
Alongside IT, other sectors like PSU banks, telecom, pharma, and FMCGs also saw selling pressure, offsetting gains in metal and realty stocks. The defence index also emerged as the top loser, shedding 2 per cent.
The market breadth was relatively weak as investors turned risk-averse. Nearly 2,053 stocks declined and 1,966 advanced of all the 4,161 that were traded on the BSE.
Top gainers & losers today
IndusInd Bank, Maruti and Tata Steel led the gainers on the Nifty 50, with an over 1 per cent uptick. In addition, Bajaj Finance, Tata Motors and UltraTech Cement also soared.
On the flip side, Bharti Airtel, Asian Paints, HDFC Life, Apollo Hospitals, Shriram Finance and Nestle were the major laggards.
TCS shares closed flat ahead of the results. Analysts expect Q1 revenue to remain subdued due to certain project ramp-downs and client-specific challenges.
Nearly 1,524 stocks declined and 1,392 advanced of all the 2,998 stocks that were traded on the National Stock Exchange. Glenmark Pharma, Laurus Labs, Prostarm, QPower and UTI AMC were among the 68 stocks that hit 52-week high, while Ola Electric, Dreamfolks, Protean eGov and Fischer Medical were among the 28 stocks that hit a 52-week low.
Mamata Machinery, ACME Solar and DCM featured among the 101 stocks that hit the upper circuit, while 34 stocks hit the lower circuit.
Bharat Dynamics, Solar Industries slumped 3-5 per cent on the defence index. HAL, BEML, BEL, Paras Defence and Mazagon also dropped over 1 per cent.
Midcap and smallcap movers
Shares of Glenmark, Paytm, Premier Energies, Waaree, Prestige and IREDA soared 2-5 per cent in the midcap segment, while Bharat Dynamics, Solar Industries, Bharat Forge and Coforge depreciated the most.
In the smallcap basket, Sagility, RK Forge, BLS and IIFL gained 2-4 per cent, and Zen Tech, GRSE, Data Patterns declined nearly 3 per cent.
In addition, shares of REC, Power Finance and Prestige Estates gained due to brokerage reactions.
According to Sundar Kewat, Technical and Derivatives Analyst at Ashika Institutional Equity – Ashika Stock Broking, part of the Ashika Group, notable open interest build-ups were observed in stocks such as Tata Elxsi, BDL, KFin Technologies, LIC, and PI Industries, suggesting active trading interest.
Asian markets — except Japan’s Nikkei 225 index — ended higher.
On Wedneday, the US markets ended in positive territory.
BSE Sensex ended at 83,536.08 and Nifty 50 at 25,476.10 on Wednesday. FIIs bought equities worth ₹77 crore, exchange data show.
Published on July 10, 2025
