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EQUITY
Post Session: Quick Review
Oct-13-2026

Indian equity markets rebounded on Tuesday, recovering from the previous session’s losses amid easing crude oil prices and reduced geopolitical tensions. Investors largely shrugged off a faster-than-expected rise in retail inflation, which heightened concerns over the possibility of further interest rate hikes. India’s retail inflation accelerated to 5.54% in September.

Both the Sensex and Nifty closed more than one and half per cent higher, supported by broad-based buying across sectors. The IT sector led the gains, with HCL Tech climbing over 8% following its Q2 earnings announcement, while TCS gained over 6%, extending its recent rally.

Some of the important factors in trade:

IMF revises upward India’s economic growth projection to 7.0% for FY27: 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.

US Ambassador to India highlights expanding India-US cooperation, investment: 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.

India, UK should aim to double bilateral trade by 2030: Traders took note of Union Minister for Commerce and Industry Piyush Goyal’s statement that businesses in India and the United Kingdom should translate the opportunities created by the India-UK Comprehensive Economic and Trade Agreement (CETA) into expanded trade, investment, partnerships and job creation. He said the two countries should aim to double bilateral trade by 2030.

On the global front: European stocks were trading in green, as investors await key U.S. inflation data and corporate earnings in the coming days for direction. Asian markets ended mixed following the mixed cues from Wall Street overnight.

The BSE Sensex ended at 73033.78, up by 1109.10 points or 1.54% after trading in a range of 71703.56 and 73045.67. There were 27 stocks advancing against 3 stocks declining on the index. (Provisional)

The top gaining sectoral indices on the BSE were IT up by 4.92%, TECK up by 3.71%, Realty up by 2.48%, Consumer Durables up by 1.50% and Metal up by 1.44%, while Healthcare down by 0.17% was the only losing index on BSE. (Provisional)

The top gainers on the Sensex were HCL Technologies up by 8.28%, TCS up by 6.59%, Tech Mahindra up by 4.90%, Infosys up by 4.44% and Hindustan Unilever up by 2.94%. On the flip side, Kotak Mahindra Bank down by 0.90%, Eternal down by 0.60% and Maruti Suzuki India down by 0.60% were the few losers. (Provisional)

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 ended at 22721.95, up by 358.60 points or 1.60% after trading in a range of 22288.45 and 22721.95. There were 46 stocks advancing against 4 stocks declining on the index. (Provisional)

The top gainers on Nifty were HCL Technologies up by 8.42%, TCS up by 6.79%, Shriram Finance up by 6.31%, Tech Mahindra up by 4.93% and Infosys up by 4.13%. On the flip side, Kotak Mahindra Bank down by 0.99%, Eternal down by 0.79%, Maruti Suzuki India down by 0.62% and Max Healthcare down by 0.57% were the top losers. (Provisional)

European markets were trading higher; UK’s FTSE 100 increased 74.7 points or 0.7% to 10,730.98, Germany’s DAX gained 143.32 points or 0.57% to 25,421.00 and France’s CAC rose 7.22 points or 0.09% to 7,840.10.

Asian markets ended mixed on Tuesday amid caution ahead of key US inflation data that could impact expectations for the Federal Reserve's next monetary policy meeting later this month. South Korea’s Kospi index tumbled more than 5% after a heavy sell-off in memory-chip and artificial intelligence-related stocks after reports that Chinese memory chip maker CXMT made rapid technological advances on a new memory architecture, challenging major manufacturers like Samsung Electronics, SK Hynix, and Micron Technology. Meanwhile, stretched AI valuations and Broadcom Chief Executive Hock Tan’s comments comparing AI investors to gamblers also fuelled further worry.

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

3,800.87

3.62

0.10

Hang Seng

24,345.22

74.02

0.30

Jakarta Composite

5,925.98

-10.17

-0.17

KLSE Composite

1,623.35

5.34

0.33

Nikkei 225

67,777.52

-1,253.40

-1.82

Straits Times

5,430.50

15.02

0.28

KOSPI Composite

6,035.35

-348.89

-5.46

Taiwan Weighted

48,341.31

-960.65

-1.95
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