10/07/2026
Contact link: https://investnama.com/mfd/ashish-168117
Market Update ๐ฐ:
- ๐ฎ๐ณ Indian Market: Market bounced back after sharp sell-off as investors found value in beaten-down stocks while hopes that the Middle East conflict may not escalate further improved sentiment. ๐ Reality, Pharma, mid- and small-cap stocks led the recovery. Investors also shifted focus to the Q1 earnings season, awaiting TCS's results ๐ and management outlook, which could set the direction for IT stocks and the broader market in the coming sessions.
- ๐ Market Breadth: On the NSE, 2282 stocks ended in the green, while 707 stocks closed in the red.
- ๐ Global Market: Indices remained volatile today as renewed US-Iran tensions kept investors cautious. As crude oil ๐ข๏ธ climbed on fears over the Strait of Hormuz, inflation concerns resurfaced and weighed on sentiment. However, reports that China may ease restrictions on Nvidia's H200 AI chip ๐ณ imports boosted technology stocks, helping global markets trim early losses even as geopolitical uncertainty continued to keep investors on edge.