Indian equity benchmark indices ended the session in the red on July 10. Sensex dropped over 345 points (0.41%) to close at 83,190, while Nifty 50 fell nearly 128 points (0.5%) to close at 25,348. Broader markets accompanied the benchmarks, with smallcap and midcap indices ending the session around 0.3 percent lower each. PSU Banks, IT and FMCG were the top sectoral losers, while realty and metals were the top gainers.
2/10
Prestige Estates : Shares of Prestige Estates Projects rose 3% to close at Rs 1,694 after global and domestic brokerages issued upbeat views on the real estate developer, citing its strongest-ever quarterly performance and robust outlook. Morgan Stanley maintained an Overweight rating with a target price of Rs 1,700, while Nuvama raised its target to Rs 2,009 and reiterated a Buy call. The bullish commentary followed the company’s April–June quarter update, where pre-sales jumped 300 percent year-on-year to an all-time high of Rs 12,126.4 crore, led by the sale of 4,718 units across markets. Sales volumes surged 234 percent to 9.55 million square feet, and collections rose 55 percent to a record Rs 4,522.7 crore, the company said.
3/10
Power Finance Corporation (PFC) : Power Finance Corporation (PFC) shares jumped 3% to close at Rs 429 apiece. This came after global brokerage Morgan Stanley initiated coverage with 'overweight' call. "PFC and REC should each achieve 12% F25-28e loan CAGRs and 17-19% average ROE. At a F27e P/E of 5-6x for self-sustaining low-mid teens loan growth and a 3.8-4.5% dividend yield, with asset quality likely to be stable, we find risk-reward compelling," said the brokerage.
4/10
Crizac : Crizac shares rallied 10% to hit the upper circuit at Rs 338 apiece, a day after the stock debuted on the stock markets. Crizac shares had listed at Rs 281 apiece on NSE on July 9, marking a premium of nearly 15 percent over its IPO price of Rs 245 apiece. The shares of the student recruitment solutions provider then rallied 9 percent to end the debut session at Rs 306 apiece.
IREDA : The shares of Indian Renewable Energy Development Agency (IREDA) rose over 2% to Rs 170 ahead of its June quarter earnings announcement due later in the day. The state-run lender had earlier shared a business update, offering a glimpse into its operational performance for the first quarter of FY26. Loan sanctions during the April–June period rose 28.5 percent year-on-year to Rs 11,740 crore, while disbursements grew 31.1 percent to Rs 6,981 crore, signalling continued momentum in the renewable energy financing space.
6/10
UTI AMC : Asset management companies' shares gained on positive June AMFI data and ICICI Prudential AMC filing papers for Rs 10,000-crore IPO. The net inflow into equity mutual funds surged 24% to Rs 23,587 crore in June, reversing the declining trend of the last five months, data released by the Association of Mutual Funds in India (AMFI) on July 9 showed. What also aided the bullish sentiment towards AMC stocks is the fact that ICICI Prudential AMC has filed IPO papers to raise up to Rs 10,000 crore. UTI AMC shares closed 4% higher.
7/10
ACME Solar : Shares of ACME Solar Holdings extended their gaining streak for the fourth straight session on July 10 and rose nearly 10% to a near seven-month high of Rs 289. The stock has gained nearly 15% in the past four sessions. At 2:05 pm, the stock was trading 7.3% higher at Rs 282.3 and was the top performer in the Nifty 500.
8/10
Bharat Dynamics : Defence stocks tumbled in trade today, buoyed by several factors. Bharat Dynamics (BDL) shares tumbled nearly 5 percent to close at Rs 1,890 apiece. This comes after Motilal Oswal Financial Services initiated coverage on the stock with a 'Neutral' rating and a target price of Rs 1,900 apiece. This implies a downside potential of more than 4 percent from the stock's previous closing price of Rs 1,985 apiece.
Life Insurance Corporation of India : The Central government has approved an offer-for-sale in Life Insurance Corporation of India (LIC) with the broader goals of achieving government’s disinvestment targets and unlocking value in the insurance behemoth, a top government source said on July 9. The Centre, as of today, holds a 96.5 percent stake in the state-run company, with the rest held by public shareholders, the report said. The firm’s market capitalization stands close to Rs 6 lakh crore and even a sale of 1 percent stake could unlock value of up to Rs 6,000 crore for the government, the source said. LIC shares dropped over 2 percent.
10/10
Coforge : Coforge shares dropped over 2%, amid a broader downturn in the IT sector. This came as analysts expect a soft earnings season for the pack, amid global uncertainties following US President Donald Trump's tariff flip-flops.
