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Key gauges continue to trade higher in morning deals
Oct-13-2026

Indian equity benchmarks continued to trade higher in morning deals, shrugging off weak Asian cues, as IT and TECK stock led early gains. Traders took support as the International Monetary Fund (IMF), in its October World Economic Outlook (WEO), has revised upward India’s economic growth projection by 60 basis points (bps) to 7.0% for the fiscal year 2026-27 (FY27) and by 30 bps to 7.0% for FY28, compared with its July 2026 WEO update. Some support also came as US Ambassador to India Sergio Gor has said that India and America are expanding cooperation across sectors, including defence, information technology (IT) and healthcare. However, investors remained cautious amid inflation concerns, elevated crude oil prices, and geopolitical uncertainty. On the global front, Asian markets were trading mostly in red following the mixed cues from Wall Street overnight, on spiking crude oil prices and supply concerns amid continued escalation in the Middle East conflict in violation of the Russia-Ukraine ‘energy ceasefire’. 

The BSE Sensex is currently trading at 72388.58, up by 463.90 points or 0.64% after trading in a range of 71703.56 and 72620.91. There were 23 stocks advancing against 7 stocks declining on the index.

The top gaining sectoral indices on the BSE were IT up by 2.93%, TECK up by 1.99%, FMCG up by 0.66%, Bankex up by 0.54% and Realty up by 0.51%, while Telecom down by 0.86%, Power down by 0.86%, Capital Goods down by 0.71%, Healthcare down by 0.55% and Industrials down by 0.54% were the top losing indices on BSE.

The top gainers on the Sensex were HCL Technologies up by 5.89%, TCS up by 5.28%, Tech Mahindra up by 3.54%, Infosys up by 2.55% and Bajaj Finserv up by 1.53%. On the flip side, Maruti Suzuki India down by 1.01%, NTPC down by 0.77%, Power Grid down by 0.50%, Interglobe Aviation down by 0.28% and Axis Bank down by 0.18% were the top losers.

Meanwhile, US Ambassador to India Sergio Gor has said that India and America are expanding cooperation across sectors, including defence, information technology (IT) and healthcare. Their investments and joint projects are creating significant opportunities for both countries. Gor highlighted the growing partnership between the two countries, citing recent military exercises, defence cooperation and investments by US and Indian companies. 

He said ‘India and the US have a great relationship, there’s so much happening; pick any sector and we’re working together in it.’ Pointing to recent developments in defence cooperation, he said the two countries conducted military exercises involving more than 500 troops during Exercise Tarang Shakti at the Jodhpur Air Force Station in Rajasthan.

Besides, he said that Indian and American companies were making good progress in technology and investment, with both countries investing in each other and some American firms setting up large production facilities in India. Moreover, he underlined India’s importance in the healthcare sector, particularly in the supply of generic medicines to the US. He asserted ‘In healthcare, we import a significant amount of our generic pharmaceuticals from India. This is because we trust India.’

The CNX Nifty is currently trading at 22497.90, up by 134.55 points or 0.60% after trading in a range of 22288.45 and 22581.15. There were 39 stocks advancing against 11 stocks declining on the index.

The top gainers on Nifty were TCS up by 5.27%, HCL Technologies up by 5.18%, Tech Mahindra up by 3.37%, Infosys up by 1.67% and Adani Enterprises up by 1.56%. On the flip side, Max Healthcare down by 1.39%, Maruti Suzuki India down by 1.37%, Tata Motors Passenger down by 0.86%, NTPC down by 0.74% and Eicher Motors down by 0.72% were the top losers.

Asian markets are trading mostly in red; Nikkei 225 slipped 1360.92 points or 1.97% to 67,670.00, Taiwan Weighted lost 942.52 points or 1.91% to 48,359.44, Jakarta Composite plunged 24.69 points or 0.42% to 5,911.46, KOSPI dropped 328.48 points or 5.15% to 6,055.76 and Hang Seng declined 19.2 points or 0.08% to 24,252.00.

On the flip side, Straits Times rose 21.44 points or 0.4% to 5,436.92 and Shanghai Composite strengthened 13.88 points or 0.37% to 3,811.12.
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