Indian Stock Market Wrap: Sensex Rallies 1,109 Points as IT Heavyweights Spark Powerful Rebound
Indian equity benchmarks staged a robust and decisive comeback on Tuesday, October 13, 2026, fueled by stellar Q2 FY27 earnings performance from major technology firms and an upgrade to India’s GDP growth forecast by the International Monetary Fund (IMF). Broad-based institutional buying across software exporters, financial heavyweights, and consumer goods helped erase losses from previous sessions.
At the closing bell, the BSE Sensex surged 1,109.10 points (+1.54%) to settle at 73,033.78. Simultaneously, the NSE Nifty 50 rallied 358.60 points (+1.60%) to comfortably reclaim the 22,700 threshold, finishing at 22,721.95. Market sentiment was further bolstered as the India VIX dropped 7.41% to 14.04, reflecting an aggressive reduction in market fear and hedging demand.
Market Snapshot
| Benchmark Index | Closing Level | Absolute Change | Percentage Change |
|---|---|---|---|
| BSE Sensex | 73,033.78 | +1,109.10 | +1.54% |
| NSE Nifty 50 | 22,721.95 | +358.60 | +1.60% |
| Nifty Bank | 55,420.10 | +502.10 | +0.91% |
| Nifty IT | 37,215.45 | +1,840.30 | +5.21% |
Top Nifty 50 Gainers & Losers
Top Gainers
- HCL Technologies: ₹1,320.10 (+7.94%) — Led the frontline gainers following impressive September-quarter earnings growth. HDFC Sky
- Tata Consultancy Services (TCS): ₹2,269.30 (+6.79%) — Extended post-earnings momentum on strong revenue and profit metrics. HDFC Sky
- Shriram Finance: ₹986.20 (+6.11%) — Surged strongly amid institutional accumulation across NBFCs. HDFC Sky
- Tech Mahindra: ₹1,538.90 (+4.62%) — Rallied alongside tech sector peers on strong earnings outlooks. HDFC Sky
- Infosys Ltd: ₹1,061.15 (+4.03%) — Advanced sharply as software exporters drove the day’s market rally. HDFC Sky
Top Losers
- Kotak Mahindra Bank: ₹439.00 (-0.99%) — Faced minor profit-taking to lead the very selective laggards list. HDFC Sky
- Eternal Ltd: ₹320.45 (-0.79%) — Eased slightly under mild intraday distribution.
- Maruti Suzuki India: ₹11,259.00 (-0.49%) — Trailed lower amid localized rotational selling in auto original equipment manufacturers (OEMs).
- Max Healthcare Institute: ₹861.00 (-0.57%) — Continued to consolidate near recent ranges following regulatory scrutiny. HDFC Sky
- Nestle India: ₹1,324.10 (-0.05%) — Finished flat-to-negative on subdued consumer discretionary demand.
Key Market Drivers
- IMF Boosts India’s GDP Outlook: Investor confidence received a major macro tailwind after the IMF revised India’s FY27 growth forecast upward from 6.4% to 7.0%, citing robust domestic consumption and resilient service sector activity. Jansatta
- IT Earnings Optimism: Stellar quarterly scorecards from HCLTech and TCS triggered a massive short-covering and accumulation rally across the Nifty IT index (+5.21%).
- FII & DII Dynamics: Domestic institutional support continued to buffer against lingering foreign fund outflows, providing a stable foundation for the sharp benchmark recovery.
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Rupee at Close
13th Oct, 2026
The Indian rupee extended its gains for the third consecutive session, closing 50 paise higher at 95.28 per dollar on Tuesday, compared with the previous close of 95.78.
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FII’s & DII’s Activity on 13th Oct, 2026
Net value in crores
| BUY | SELL | |
| DII | 2,439.24 | |
| FII | 1,305.13 |
Source : NSE
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