Stock markets rebound, led by rally in IT firms, HDFC Bank; Sensex jumps 1,109 points

Stock markets rebounded sharply on Tuesday (October 13, 2026), with the benchmark Sensex rallying 1,109 points and the Nifty closing above 22,720, bolstered by a rally in IT, financial and FMCG shares, recovery in the rupee and Finance Minister Nirmala Sitharaman’s remark on LTCG tax.

The 30-share BSE Sensex jumped 1,109.10 points, or 1.54%, to settle near the day’s high at 73,033.78, posting its best single-day gains in four months. During the day, it surged 1,120.99 points, or 1.55%, to hit a high of 73,045.67.

The 50-share NSE Nifty climbed 358.60 points, or 1.60%, to end at 22,721.95, marking its best single-day rebound in more than two months. The index hit a day’s high of 22,721.95.

From the 30 Sensex firms, HCL Tech jumped 8.28% after the IT firm reported a 21.18% rise in consolidated net profit to ₹5,132 crore for the July-September quarter of FY27, helped by higher margins from its fast-growing advanced AI operations and a lower tax outgo.

Also, Tata Consultancy Services surged 6.59%, Tech Mahindra jumped 4.90 per cent and Infosys was up 4.44%.

HUL, Titan, Bajaj Finserv, SBI, HDFC Bank, M&M and ICICI Bank were also among major index movers. Kotak Mahindra Bank, Eternal and Maruti were the laggards.

Brent crude, the global oil benchmark, declined 1.66% to $104.6 per barrel.

"Indian equities advanced as stronger-than-expected technology earnings boosted confidence in corporate profit growth and lifted benchmark-heavy large-cap stocks. Rupee stability and easing bond yields further supported sentiment, bringing financial stocks into focus," Vinod Nair, Head of Research, Geojit Investments Limited, said.

Finance Minister Nirmala Sitharaman on Tuesday (October 13) stated that there is a lot of ongoing debate on long-term capital gains (LTCG) tax and STT. She also stated that it is healthy to have this debate and she will be keenly “hearing them”.

The comments triggered buying in blue-chip stocks, helping key indices close near the day’s high levels.

The rupee also rose about 41 paise to 95.37 on Tuesday, marking its third straight session of gains after the RBI announced measures to curb speculative trading in the derivatives market. The rupee has risen over 1.5% in three days, easing concerns about capital outflows.

In Asian markets, South Korea's Kospi tanked 5.46%. Japan’s 225 index also ended lower. Shanghai's SSE Composite index and Hang Seng index settled in positive territory.

Markets in Europe were trading higher.

U.S. markets ended mostly lower on Monday (October 12).

Foreign Institutional Investors (FIIs) offloaded equities worth ₹1,708.48 crore on Monday (October 12), according to exchange data.

On Monday, the Sensex tanked 547.65 points, or 0.76%, to settle at 71,924.68. The Nifty dropped 157.10 points, or 0.70%, to end at 22,363.35.