Benchmark indices failed to build on early gains and ended lower for a second consecutive session on July 10, with Nifty closing below 25,400 as investors remained worried over US President Trump’s tariff moves, ahead of TCS Q1FY26 earnings.

At close, the Sensex was down 345.80 points or 0.41 percent at 83,190.28, and the Nifty was down 120.85 points or 0.47 percent at 25,355.25. Nifty Midcap and smallcap indices shed 0.3 percent each.

Except metal, realty, all other indices ended lower with pharma, telecom, IT, PSU Bank, FMCG down 0.5 percent each. IT stocks were cautious ahead of TCS Q1 results.

Bharti Airtel, HDFC Life, Asian Paints, Apollo Hospitals, Shriram Finance were among major losers on the Nifty, while gainers were IndusInd Bank, Maruti Suzuki, Tata Steel, Bajaj Finance, Bajaj Finserv.

In stock-specific action, Prestige Estates shares gained nearly 3% as brokerages remained bullish after record Q1 business update, IREDA rose over 2% ahead of Q1 results, RailTel Corp shares gained on order win from Chhattisgarh, GP Eco Solutions India shares rose 5 percent on EPC contract worth Rs 122 crore, JTL Industries shares gained 3 percent on capacity expansion plan, and Power Finance Corp shares jumped nearly 3 percent after a block deal of 1.11 million shares.

Nearly 140 stocks on the BSE touched their 52-week highs, including Glenmark Pharma, UTI AMC, Krishna Institute of Medical Sciences, Laurus Labs, UltraTech Cement, SRF, LT Finance, Navin Fluorine, among others.