News

Post Market Update- IT rally, easing oil prices lift markets higher

Stocks in the news-

1. Shyam Metalics group bagged strategic mining rights for Phutamura Coal block to strengthen backward integration.

2. Kalpataru Projects gets new orders worth Rs. 2,225 Cr in T&D Biz in India & Intl Mkts.

Indian indices-

Indian equities ended higher on October 13, 2026, led by a strong rally in IT stocks. Positive comments from Finance Minister Nirmala Sitharaman regarding a review of capital market taxes further boosted investor sentiment. Market confidence improved as crude oil prices eased and volatility declined, prompting broad-based buying across sectors. Gains in FMCG, Auto, Realty, Metal, and PSU Bank stocks also supported the rally, which helped the benchmark indices recover sharply from the previous session's losses. At close, the Sensex was up 1,109.10 points or 1.54% at 73,033.78, and the Nifty was up 358.60 points or 1.60% at 22,721.95.

Rupee closed at 95.28/$ Vs. October 12, 2026, close of 95.77/$.

Buzzing stocks on BSE-

1. HCL Technologies gained 8.28% to Rs. 1,321, after the company's profit after tax (PAT) rose 21.2% on year to Rs. 5,132 crores in Q2FY27, up from Rs. 4,235 crores in the same quarter a year ago.

2. Bandhan Bank jumped 9.31% to Rs. 172, amid reports of a potential stake sale in Bandhan Financial Services, the bank’s promoter entity.

3. IRCON International rose 1.19% to Rs. 106, after the company said that it has received an EPC contract worth Rs. 862.46 crore from East Central Railway for track works related to the Son Nagar–Andal third and fourth railway line projects.

Global Signals-

Asian markets traded mixed as investors remained cautious despite easing oil prices.

European markets were higher, supported by improved risk sentiment and strong technology shares.