The Indian stock market is poised for a steady session on July 10, 2026, as investor sentiment improves following positive developments in global markets. Despite recent military exchanges, ongoing technical-level peace discussions between the United States and Iran have significantly eased concerns regarding broader escalation in the Middle East, leading to more stable conditions for traders.
Current Market Outlook
In the early trading hours of Friday, Gift Nifty showed a strong surge of over 121 points. With US markets gaining momentum overnight, a green opening is anticipated for both the Sensex and Nifty. Ponmudi R, CEO of Enrich Money, noted that these improved global cues have provided much-needed stability, allowing investors to look for growth opportunities across the BSE and NSE.
Top Intraday Recommendations
Vaishali Parekh, Vice President of Technical Research at PL Capital, has highlighted Indian Bank and SAIL as top picks. She recommends purchasing Indian Bank at the current market price with a target of Rs 820 and a stop loss of Rs 774. Currently trading at Rs 792.95 on the BSE, the stock shows an upside potential of about 3.4%. For SAIL, the leading steelmaker, the recommendation is a 'BUY' with a target of Rs 175 and a stop loss at Rs 160. Currently priced at Rs 165.85, the stock could see an upside of over 5.5%.
Shrikant Chouhan, Executive Vice President and Head of Equity Research at Kotak Securities, has recommended purchasing shares of the defence giant, Hindustan Aeronautics (HAL). He has set a target price of Rs 4,500 with a stop loss of Rs 4,340. With HAL currently priced at Rs 4,375.80, the target indicates a potential gain of nearly 3%.
Ajit Mishra, SVP-Research at Religare Broking, points toward Marico and PG Electroplast. For Marico, the recommendation is to buy at the current price of Rs 859.40, targeting Rs 900 with a stop loss of Rs 840, representing a potential 5% upside. PG Electroplast, an electronic manufacturing service provider, is recommended with a target of Rs 620 and a stop loss of Rs 565, which signals a potential upside of 6.3% from its current price of Rs 583.40.
Finally, Univest's Ankit Jaiswal and Kunal Singla have identified three stocks: Bharti Airtel, Sun Pharma, and IndusInd Bank. Bharti Airtel is recommended with an entry zone of Rs 1,925–Rs 1,935, a target of Rs 1,966, and a stop loss of Rs 1,905. Sun Pharma is suggested for entry between Rs 1,930 and Rs 1,940, with a target of Rs 1,970 and a stop loss of Rs 1,912. IndusInd Bank is flagged as a high-conviction pick due to Bank Nifty's strength, with a recommended entry of Rs 1,008–Rs 1,015, a target of Rs 1,035, and a stop loss of Rs 995.
