Closing Bell: Nifty Surges Over 1% to 24209; Reliance and Financials Lead Broad Market Rally | 10 Jul 2026, 03:45 PM IST
By ThePip Desk
Nifty 50 closes at 24209.10, up 246.30 points (+1.03%), marking a strong Friday session. Financials and Reliance led the charge, with 62% of Nifty stocks advancing.
The Indian equity markets concluded Friday’s session on a robust positive note, extending gains into the close. The benchmark Nifty 50 index surged by +246.30 points, or +1.03%, to settle at 24209.10. This strong performance was mirrored across broader market indices, with the Nifty Bank closing significantly higher at 58033.15, registering a gain of +780.70 points (+1.36%). The NIFTY Midcap 100 also demonstrated considerable strength, advancing by +877.75 points (+1.41%) to reach 63044.60. Market breadth remained overwhelmingly positive, with 31 out of 50 Nifty 50 constituents closing in the green, indicating broad-based participation in the day’s rally.
Index Performance Snapshot
| Index | Close | Change | Change (%) |
|---|---|---|---|
| Nifty 50 | 24209.10 | +246.30 | +1.03% |
| Nifty Bank | 58033.15 | +780.70 | +1.36% |
| NIFTY Midcap 100 | 63044.60 | +877.75 | +1.41% |
Top Nifty 50 Gainers Drive Rally
Several heavyweights and financial sector stocks were instrumental in pushing the Nifty 50 higher. Jio Financial Services Ltd. (JIOFIN) emerged as the top gainer, surging +3.55% to close at ₹241.66, following updates regarding its institutional investor meetings. The insurance sector also showed considerable strength, with HDFC Life Insurance Company Ltd. (HDFCLIFE) gaining +2.65% and SBI Life Insurance Company Ltd. (SBILIFE) advancing +2.25%. Energy and infrastructure major Reliance Industries Ltd. (RELIANCE) contributed significantly to the index’s upward movement, rising +2.25% to ₹1308.6, buoyed by news of its partnership with Meta for a substantial data centre project in Gujarat. Other prominent gainers included Bharat Electronics Ltd. (BEL) with a +2.09% rise and Axis Bank Ltd. (AXISBANK) which closed +2.07% higher. Adani Enterprises Ltd. (ADANIENT), Tech Mahindra Ltd. (TECHM), Tata Motors Passenger Vehicles Ltd. (TMPV), and Tata Steel Ltd. (TATASTEEL) also featured among the top ten performers.
| Company | Close (₹) | Change (%) |
|---|---|---|
| JIO Financial Services Ltd. (JIOFIN) | 241.66 | +3.55% |
| HDFC Life Insurance Company Ltd. (HDFCLIFE) | 566.5 | +2.65% |
| Reliance Industries Ltd. (RELIANCE) | 1308.6 | +2.25% |
| SBI Life Insurance Company Ltd. (SBILIFE) | 1862.6 | +2.25% |
| Bharat Electronics Ltd. (BEL) | 414.7 | +2.09% |
| Axis Bank Ltd. (AXISBANK) | 1324.5 | +2.07% |
| Adani Enterprises Ltd. (ADANIENT) | 3144.2 | +1.97% |
| Tech Mahindra Ltd. (TECHM) | 1454 | +1.94% |
| Tata Motors Passenger Vehicles Ltd. (TMPV) | 337.5 | +1.81% |
| Tata Steel Ltd. (TATASTEEL) | 191.13 | +1.71% |
Nifty 50 Laggards
Despite the overall positive market sentiment, a selection of Nifty 50 stocks experienced declines. Dr. Reddy’s Laboratories Ltd. (DRREDDY) recorded the steepest fall among the index components, dropping −1.83% to settle at ₹1246.3. Eternal Ltd. (ETERNAL) followed with a −0.89% decline. Telecommunications giant Bharti Airtel Ltd. (BHARTIARTL) also ended in the red, down −0.61%. Other notable laggards included consumer goods major Nestle India Ltd. (NESTLEIND) which fell −0.57%, and Coal India Ltd. (COALINDIA) which saw a −0.28% reduction in its share price. Cipla Ltd. (CIPLA), ITC Ltd. (ITC), Sun Pharmaceutical Industries Ltd. (SUNPHARMA), Apollo Hospitals Enterprise Ltd. (APOLLOHOSP), and Trent Ltd. (TRENT) also closed marginally lower.
| Company | Close (₹) | Change (%) |
|---|---|---|
| Dr. Reddy’s Laboratories Ltd. (DRREDDY) | 1246.3 | −1.83% |
| Eternal Ltd. (ETERNAL) | 289.85 | −0.89% |
| Bharti Airtel Ltd. (BHARTIARTL) | 1919.3 | −0.61% |
| Nestle India Ltd. (NESTLEIND) | 1454.9 | −0.57% |
| Coal India Ltd. (COALINDIA) | 428.7 | −0.28% |
| Cipla Ltd. (CIPLA) | 1438.9 | −0.17% |
| ITC Ltd. (ITC) | 281.65 | −0.14% |
| Sun Pharmaceutical Industries Ltd. (SUNPHARMA) | 1936 | −0.14% |
| Apollo Hospitals Enterprise Ltd. (APOLLOHOSP) | 8842 | −0.04% |
| Trent Ltd. (TRENT) | 2903.5 | −0.02% |
Institutional Investor Activity
Domestic Institutional Investors (DIIs) played a crucial role in today’s market performance, demonstrating strong buying interest with net purchases totaling ₹2057.79 crore. This significant inflow from DIIs helped to absorb the selling pressure from Foreign Institutional Investors (FIIs), who were net sellers for the session, offloading equities worth ₹532.86 crore. Looking at recent trends, FIIs were net buyers on July 9th with ₹1962.8 crore and on July 7th with ₹393.19 crore. DIIs recorded net purchases of ₹790.16 crore on July 9th and net sales of ₹383.43 crore on July 7th.
As the trading week concludes, market participants will keenly observe global economic indicators and any domestic policy developments that could set the tone for the upcoming week’s opening session.