Key facts
- Sensex settled 828 points higher on July 10
- Nifty closed above 24,200
- Reliance Industries rose 2%
- IT stocks led gains amid positive global cues
- Second consecutive day of market gains
Indian stock markets extended their winning streak on Thursday, with the Sensex settling 828 points higher and the Nifty closing above 24,200 — the second successive session of robust gains. Buying in IT stocks led the charge, buoyed by positive global cues and a broader risk-on sentiment among investors.
Reliance Industries was among the standout performers, rising 2% to contribute meaningfully to the Sensex's advance. The IT sector's outperformance came on the back of renewed optimism around quarterly earnings and global technology spending, with investors piling into blue-chip names across indices.
The rally gathered pace from the opening bell, with the Sensex jumping nearly 700 points in early trade before sustaining and adding to those gains through the afternoon. Market breadth was broadly positive, reflecting participation across sectors rather than a narrow, index-driven move.
The back-to-back session gains signal a recovery in investor sentiment after a period of caution driven by global trade uncertainties and monsoon concerns. Analysts noted that strong institutional buying and improving macro sentiment provided a supportive backdrop, though near-term volatility cannot be ruled out given global trade negotiations still in flux.