News Overview

Asian markets ended mixed as investors reacted to China’s rising producer inflation, Japan’s pension reform developments, and a semiconductor-led recovery across the region. South Korea’s KOSPI surged on SK Hynix’s record Nasdaq listing, while India’s Nifty 50 gained over 1% on strong IT sector performance, positive global cues, and easing crude oil concerns.

Anand Rathi Wealth touched a new 52-week high of ₹2,176.20 following a strong Q1 FY27 performance. The company reported a 73.6% YoY rise in consolidated profit, revenue growth, and crossed ₹1 lakh crore in Assets Under Management (AUM). Strong wealth management expansion and investor confidence supported the stock’s continued momentum despite margin pressure.

Indian markets ended sharply higher on July 10, 2026, with Sensex rising 827 points and Nifty gaining 244 points. Strong TCS Q1 FY27 results, a rally in IT stocks, lower crude oil prices, easing volatility, and positive global cues supported investor sentiment. Realty, PSU banks, and financial stocks also witnessed strong buying during the session.

Bank of Maharashtra posted a robust Q1 FY27 with a 26.8% jump in net profit and healthy loan growth. While asset quality remained stable, the bank reported a decline in net interest margin and a rise in fresh slippages.

ONGC has approved a 1.75 million metric tonne Strategic Petroleum Reserve project at Mangalore, Karnataka, marking a major step toward enhancing India’s energy security and reducing dependence on global crude supply disruptions.

Adani Group shares traded higher on Friday, led by Adani Total Gas, Adani Green Energy and Adani Enterprises. The rally was supported by positive business updates, clean energy expansion and investor confidence.

Indian Bank delivered a strong Q1 FY27 performance with higher profits, improved asset quality, and credit growth exceeding targets. The bank's GNPA declined to 1.86%, while deposits grew 13.5%.

Bank Nifty climbed more than 1% for the second straight session, supported by broad-based gains across banking stocks. The index is approaching the crucial 58,000 resistance level, with a breakout likely to determine its next major move.

CDSL shares gained more than 5% on July 10 after announcing a ₹20 crore investment in India International Bullion Holding IFSC Ltd (IIBHL). The strategic move expands its presence in GIFT City and opens a new growth avenue in the bullion ecosystem.

SBI Funds Management IPO GMP on 10 July 2026 is ₹90, suggesting an estimated listing price of ₹664. Here's the latest GMP, expected listing gain, IPO schedule, price band, and other key details ahead of the public issue.