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Markets remain higher in late morning deals
Oct-13-2026

Indian equity markets continued to witness gains in late morning trade, driven by buying from funds and retail investors. Falling crude oil prices supported domestic market sentiment. Sentiments were further supported by Indian rupee appreciating 50 paise to 95.28 against the dollar. Besides, some support also came in 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. 

Both Sensex and Nifty were trading higher by over half percent on account of buying in stocks of HCL Technologies, Tata Consultancy Services, Infosys, HDFC Bank and ICICI Bank. On the global front, Asian markets were trading mostly in red following mostly negative cues form the US markets overnight.  

The BSE Sensex is currently trading at 72320.23, up by 395.55 points or 0.55% after trading in a range of 71703.56 and 72620.91. There were 22 stocks advancing against 8 stocks declining on the index.

The top gaining sectoral indices on the BSE were IT up by 3.14%, TECK up by 1.96%, FMCG up by 0.65%, Bankex up by 0.52% and Consumer Durables up by 0.44%, while Power down by 1.30%, Telecom down by 1.09%, Capital Goods down by 1.00%, Industrials down by 0.79% and Healthcare down by 0.75% were the top losing indices on BSE.

The top gainers on the Sensex were HCL Technologies up by 5.70%, TCS up by 4.85%, Tech Mahindra up by 3.07%, Infosys up by 2.15% and Bajaj Finserv up by 1.67%. On the flip side, Maruti Suzuki India down by 1.30%, NTPC down by 0.60%, Interglobe Aviation down by 0.57%, Power Grid Corpn. down by 0.38% and Bharti Airtel down by 0.34% were the top losers.

Meanwhile, Pankaj Agarwal, Secretary, Ministry of Power, held a bilateral meeting with Gerassimos Thomas, Director-General for Taxation and Customs Union, European Commission, in New Delhi to discuss India's carbon market development, the European Union's (EU) Carbon Border Adjustment Mechanism (CBAM) and opportunities for enhanced technical cooperation. 

During the meeting, Agarwal highlighted India's progress under the Carbon Credit Trading Scheme (CCTS), including the notification of emission intensity reduction targets for 490 industrial units and ongoing efforts to develop the domestic carbon market. He also underlined India's progress in increasing the share of non-fossil sources in its electricity generation capacity, noting that non-fossil sources account for 308 GW of the country's total installed capacity of 558 GW. 

The EU side appreciated India's progress in developing its carbon market and shared developments relating to CBAM implementation. Both sides expressed willingness to continue technical engagement on recognition of carbon pricing mechanisms, monitoring, reporting and verification (MRV) systems, and capacity building. Both sides agreed to deepen cooperation and facilitate continued dialogue on carbon markets, CBAM-related methodologies and other areas of mutual interest.

The CNX Nifty is currently trading at 22490.30, up by 126.95 points or 0.57% after trading in a range of 22288.45 and 22581.15. There were 35 stocks advancing against 15 stocks declining on the index.

The top gainers on Nifty were HCL Technologies up by 5.67%, TCS up by 4.92%, Tech Mahindra up by 3.64%, Hindustan Unilever up by 1.88% and Infosys up by 1.82%. On the flip side, Max Healthcare down by 1.69%, Maruti Suzuki India down by 1.37%, NTPC down by 0.92%, Interglobe Aviation down by 0.79% and Tata MotorsPassenger down by 0.74% were the top losers.

Asian markets were trading mostly in red; Nikkei 225 slipped 1363.92 points or 1.98% to 67,667.00, Taiwan Weighted lost 906.97 points or 1.84% to 48,394.99, Jakarta Composite plunged 24.69 points or 0.42% to 5,911.46, KOSPI dropped 376.17 points or 5.89% to 6,008.07 and Hang Seng declined 15.2 points or 0.06% to 24,256.00. However, Shanghai Composite strengthened 9.88 points or 0.26% to 3,807.12 and Straits Times rose 27.91 points or 0.52% to 5,443.39. 
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