Sensex Soars 1,109 Points, IT Rally Powers Nifty Above 22,700
Mumbai: Indian stock markets rebounded sharply on October 13 as buying in information technology shares and optimism about corporate earnings lifted benchmark indices after the previous session’s decline. The BSE Sensex climbed 1,109.10 points, or 1.54 per cent, to finish at 73,033.78. The NSE Nifty 50 gained 358.60 points, or 1.60 per cent, to settle at 22,721.95, reclaiming the 22,700 level.…
On October 13, 2026, Indian stock markets experienced a strong recovery, with the Sensex surging 1,109.10 points, or 1.54%, to close at 73,033.78, while the Nifty 50 rose 358.60 points, or 1.60%, to settle at 22,721.95. The IT sector led the rally, with the Nifty IT index gaining more than 5% due to optimism over HCL Technologies' earnings.
Sectoral performance included Nifty Realty rising 2.48%, FMCG advancing 1.40%, PSU Bank growing 1.46%, Auto increasing 1.23%, Metal surging 1.17%, and Media gaining 0.55%. Nifty Pharma was the only sector to decline, with a minor 0.05% drop. Market volatility eased, as the India VIX fell around 8%, signaling reduced near-term uncertainty.
The rupee continued its recovery, trading in the mid-95s against the US dollar, driven by RBI measures and slightly weaker crude oil prices at $104.55 per barrel. Gold and silver also showed recovery, with gold at ₹1,49,535 per 10 grams and silver at ₹2,22,849 per kg. Asian markets were mixed, with South Korea's KOSPI falling 5.78%, Japan's Nikkei 225 declining 1.93%, and Taiwan's weighted index dropping 1.99%.
Written by urgent.news from Hindu BusinessLine's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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