Nifty closes above 24,200 as calmer global cues lift sentiment

Ongoing earnings season is likely to drive further movement

Jul 10, 2026

Welcome to Aftermarket Report, a newsletter where we do a quick daily wrap-up of what happened in the markets, both in India and globally.

In our latest episode of In The Money by Zerodha, we go back to basics — but not the way most people mean it. What is swing trading, really? Where did the term come from? And why does nobody agree on a definition?

We trace the idea across a hundred years of market history and lay out seven distinct methods traders have used to identify a swing. There's also something most guides skip: the toolkit changes depending on what you're trading. Stocks let you compare. Commodities and indexes don't. That distinction matters more than the method you pick.

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Markets Today

Nifty opened with a 162-point gap-up at 24,125, following a cool-off in oil prices and in-line results from TCS, triggering an initial surge in IT stocks. The index built on the strong start, moving quickly toward the 24,200–24,220 zone within the first hour.

However, the momentum moderated after the early rally. Nifty drifted lower throughout the late morning session, slipping toward the 24,150–24,180 range by around 11:30 AM amid profit-booking.

In the second half, the index remained broadly range-bound, oscillating between 24,170 and 24,200 for most of the afternoon. Buying interest returned after 2:30 PM, helping Nifty gradually climb back toward the 24,200–24,220 zone.

The index eventually closed near the day’s highs at 24,206.90. The session was marked by a strong gap-up opening, a brief mid-session cool-off, and steady buying in the second half that helped Nifty hold comfortably above 24,200.

Sectoral Indices Performance

Winners & Losers

Commodities

FII / DII Flows

Here’s the trend of FII-DII activity from the last 5 days:

Thematic Indices

Tijori’s niche indices, where today’s move sorts pockets of the market beyond standard sector baskets. You can also track promoter buying and other interesting stuff, like Capex activity by the companies in the Tijori App’s idea dashboard

Change in OI for the day

The following is the change in OI for Nifty contracts expiring on 14th July:

The maximum Call Open Interest (OI) is observed at 24,500, followed by 24,200, indicating potential resistance at the 24,300 -24,400 levels.
The maximum Put Open Interest (OI) is observed at 24,000, followed by 24,200, suggesting support at 24,100-24,000.

Note: OI is subject to multiple interpretations; however, generally, an increase in Call OI indicates resistance in a falling market, while an increase in Put OI indicates support in a rising market.

Source: Sensibull

Management Chatter

In this section, we highlight interesting comments from management at major companies and from policymakers in the Indian and Global Economies.

From TCS Q1 FY27 earnings concall:

Management cautioned investors against expecting linear quarterly growth.

“AI revenue is not like traditional ADM revenue. Many of these projects tend to be one- or two-quarter engagements, so some quarters will naturally be lumpy.”
— K. Krithivasan, CEO & MD

AI is materially improving insurance operations

“TCS has deployed seven AI agents operating alongside human examiners. This human-plus-AI operating model has reduced claim settlement time by 40%, resulting in faster and more consistent claim operations.”
— Aarti Subramanian, COO

Management shared a real-world deployment.

“Continuous 24x7 monitoring has shifted from largely human monitoring to AI-led monitoring. The transformation has resulted in 30% faster remediation and 80% fewer incidents.”
— Aarti Subramanian, COO - Link