On Thursday, July 10, the Indian stock market ended in the red for the second straight session. The Nifty 50 dropped by 121 points, or 0.47%, to close at 25,355.25, while the Sensex slipped by 346 points, or 0.41%, to finish at 83,190.28. Weakness in technology and banking stocks continued to put pressure on the market.
Investors are cautious ahead of the June quarter earnings and are also watching the developments in India–US trade discussions. This uncertainty has led to a “wait and watch” approach, slowing overall market activity. However, some stocks and sectors are still showing strong movements due to company-specific news, earnings expectations, and institutional investments.
Mixed market movement with highs and lows
Despite the overall decline, 146 stocks hit their 52-week highs. Some major names on this list include Glenmark Pharmaceuticals, UltraTech Cement, SRF, and Navin Fluorine. On the other hand, 49 stocks touched their 52-week lows, such as Ola Electric, Axita Cotton, and Dreamfolks Services.
The broader markets were also weak, with both the Nifty Midcap 100 and Nifty Smallcap 100 down by 0.30%.
Sindhu Trade Links jumps despite market weakness
One small-cap stock that stood out was Sindhu Trade Links. The stock gained over 6% even as most shares were falling. The rise came after the company’s board approved a plan to explore investments in lithium and rare earth element (REE) mining. These are critical materials used in electronics and energy storage.
The company also plans to look at opportunities in solar power and iron ore mining. The board said this is part of a long-term strategy to support India’s National Critical Mineral Mission and global infrastructure needs.
While the broader market showed weakness, stock-specific action continued, showing that investors are still interested in companies with strong future growth plans.
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