India’s benchmark Sensex surged 712.57 points to 77,454.39 on Friday, July 10, 2026, while NSE Nifty 50 jumped 209.85 points to 24,172.65 by 9:31 am. The rally built on Thursday’s gains as investors showed renewed appetite for risk despite geopolitical turmoil.

Market Drivers

The index rise reflected broad-based buying across sectors, even as crude oil prices remained elevated due to the ongoing Iran-US conflict. Investors seemed to have priced in the military tensions and moved past them, focusing instead on domestic fundamentals and global semiconductor demand.

On Thursday, the Sensex gained 238.22 points, or 0.31%, to settle at 76,741.82, while Nifty 50 advanced 80.75 points, or 0.34%, to close at 23,962.80. The momentum carried into Friday morning trading.

Economic Backdrop

The International Monetary Fund marginally lowered India’s FY27 GDP growth forecast to 6.4% but raised its FY28 projection to 6.7%, reinforcing India’s status as the world’s fastest-growing major economy. This longer-term optimism is supporting equity valuations even as short-term uncertainty persists.

Bajaj Broking Research highlighted Bharti Airtel and HDFC Bank as top stocks to buy on July 10, signaling analyst confidence in specific pockets of the market.

India’s stock market is climbing the wall of worry, shrugging off geopolitical noise to focus on structural growth stories.