T
Trendlyne Marketwatch
13 Oct 2026
Market closes higher, led by gains in IT and realty stocks
By Trendlyne Analysis

 

Nifty 50 closed at 22,721.95 (358.6, 1.6%), BSE Sensex closed at 73,033.78 (1,109.1, 1.5%) while the broader Nifty 500 closed at 22,090 (267.3, 1.2%). Market breadth is in the green. Of the 2,849 stocks traded today, 1,638 showed gains, and 1,155 showed losses.

Indian indices closed in the green, supported by gains in IT and realty stocks. The Indian volatility index, Nifty VIX, fell 7.3% and closed at 14.1 points. India’s CPI inflation climbed to a 21-month high of 5.5% in September from 4.8% in August. Rising prices of onions and other essential food items contributed to the increase in retail inflation.

Nifty Midcap 100 closed higher, while Nifty Smallcap 100 closed flat. Nifty IT and BSE Focused IT were among the top index gainers today. According to Trendlyne’s Sector dashboard, Software & Services emerged as the best-performing sector of the day, with a rise of 4.7%.

Asian indices closed mixed, while European indices are trading higher. US index futures traded mixed. US President Donald Trump dismissed claims that China and Russia are providing significant support to Iran, arguing that both countries have “too much to lose” by assisting Tehran. Separately, a Houthi official warned of a “swift and painful” response if Washington joins Saudi Arabia’s strikes against the Iran-backed group, following Trump’s remarks that he is considering joining the offensive.

  • Relative Strength Index (RSI) indicates that stocks like Sky Gold & Diamonds and Shreeji Shipping Global are in the overbought zone.

  • Cohance Lifesciences receives approval from the Central Government to appoint Umang Vohra as the Chairman and Chief Executive Officer (CEO).

  • Nazara Technologies' founder and Managing Director (MD), Nitish Mittersain, tenders his resignation as the MD, effective October 12.

  • Prestige Estates is rising as it reports a 20% YoY increase in Q2FY27 pre-sales, supported by strong demand for new residential projects and steady sales from existing developments. Bengaluru and Hyderabad remain key markets, together accounting for 73% of H1FY27 sales. The company plans to launch projects worth over Rs 40,000 crore across Bengaluru, Mumbai, NCR, Chennai and Hyderabad in H2FY27.

  • ICICI Life Insurance is falling as its Q2FY27 revenue declines 2.3% YoY to Rs 11,742.7 crore due to a Rs 2,123.3 crore loss from investments. However, net profit jumps 25% to Rs 374.2 crore, fueled by lower provisions and taxes on unit-linked insurance plan (ULIP) charges. It shows up in a screener of stocks with low Piostroski scores.

  • Indian equities rally, with the Sensex climbing over 1,000 points as Finance Minister Nirmala Sitharaman indicates that discussions on long-term capital gains tax (LTCG) and securities transaction tax (STT) remain underway. Her remarks spark fresh optimism among investors seeking relief after weeks of market pressure.

  • Aequs enters into agreements with Safran for the long-term supply of critical aerospace components. Under the agreements, Aequs will provide machined superalloy parts, complex machine coating, and landing gear component assemblies for the Airbus A320, A330, A350 and Boeing 787 programs.

  • Karur Vysya Bank is rising as it signs an agreement with Zurich Kotak General Insurance, a 70:30 joint venture between Zurich Insurance Group and Kotak Mahindra Bank, to distribute general insurance products. The partnership could help increase the bank's fee income. KVB earned Rs 195.4 crore from insurance distribution in FY26, up 20.3% YoY, including Rs 36.9 crore from general insurance.

  • ICICI Securities upgrades Gujarat Fluorochemicals to a 'Buy' call from 'Add' with a higher target price of Rs 5,380 per share. This indicates a potential upside of 18.8%. The brokerage turns positive on the stock, driven by its first-mover advantage in battery chemicals, in-house access to hydrofluoric acid and expertise in processing fluorine. It expects the firm to deliver a revenue CAGR of 33.9% over FY27-29.

  • India’s CPI inflation climbs to a 21-month high of 5.5% in September from 4.8% in August. Rising prices of onions and other essential food items contributed to the increase in retail inflation. Meanwhile, core inflation, which excludes volatile components such as food and fuel, accelerated to 4.6% in September from 4.2% in August.

  • Motilal Oswal Mutual Fund sells 46.2 lakh shares of Religare Enterprises for Rs 99.8 crore through a bulk deal at an average price of Rs 216.1 per share. Dalmia Bharat Refractories picks up 36.6 lakh shares.

  • ICICI Direct retains a 'Buy' call on Radico Khaitan, with a higher target price of Rs 5,500 per share. This indicates a potential upside of 22.4%. The brokerage believes that the strong traction in premium and luxury brands will drive revenue and margin growth visibility. It expects the company to deliver a revenue CAGR of 16% over FY27-29.

  • Tata Motors Passenger Vehicles and its arm, Tata Passenger Electric Mobility, enter a partnership with Stellantis India to produce vehicles in India using Tata's platforms. Under the agreement, Tata will provide Stellantis with its product technology and vehicle architecture. The vehicles will be manufactured at Stellantis & Tata's joint venture (JV), Fiat India Automobiles.

  • The IMF raises India’s GDP growth forecast for FY27 to 7%, up from its earlier estimate of 6.4%, citing stronger-than-expected domestic demand and robust services activity that have helped cushion the impact of global disruptions. It also revises its FY28 growth projection upward to 7% from 6.7%, indicating that the economy’s current growth momentum is likely to continue into the next financial year.

  • Bandhan Bank is rising sharply as Abu Dhabi-based IHC and other investors are reportedly in talks to buy a stake in the promoter, Bandhan Financial Services. The promoter is in discussions with advisor Jefferies to find investors for a 25-32% stake. It will facilitate an exit option for early investors like GIC of Singapore and the International Finance Corp.

  • ICICI Prudential Asset Management Co's Q2FY27 net profit grows 6.4% YoY to Rs 889 crore, helped by higher operating leverage. Revenue jumps 13.4% to Rs 1,690.7 crore, driven by higher fee income, equity-oriented schemes and strong investor flows. It appears in a screener of stocks with increasing revenue over the past four quarters.

  • Polycab India is falling sharply as the NSE excludes the stock from the equity derivatives segment, effective December 30. The move comes as the company was admitted to the insolvency and bankruptcy (IBC) framework by the National Company Law Appellate Tribunal (NCLAT) in a case filed by Asier Metals.

  • Citi, in partnership with Belgium’s Credendo, reportedly arranges $328 million in financing for IndiGo to acquire eight Airbus aircraft-six A321s and two A320s-through its GIFT IFSC subsidiary. The deal supports IndiGo’s fleet expansion and growing domestic and international travel demand through diversified funding sources.

  • Vikran Engineering soars almost 14% as its subsidiary, NOPL Solar Projects, secures a Rs 2,941.2 crore loan from Indian Renewable Energy Development Agency (IREDA) to partially fund its 969 MW solar project.

  • Kolte-Patil Developers is rising as its Q2FY27 sales value increases by 52% YoY to Rs 1,019 crore, driven by strong demand for its new project, Vyana at The Reserve, in Pune. The project generated Rs 616 crore in sales during the quarter. Collections rise 33% to Rs 795 crore. The company also added six redevelopment projects in Mumbai with a combined development value of Rs 6,000 crore.

  • Qualcomm Asia Pacific sells 57.1 lakh shares of Shadowfax Technologies for Rs 157.3 crore through a bulk deal at an average price of Rs 275.3 per share.

  • The IMF projects global economic growth of 3.1% in 2026, with strong investment in AI infrastructure helping offset the impact of the prolonged Middle East war and elevated energy prices. The forecast is below the 3.5% growth recorded in 2025 but broadly aligns with the fund’s most optimistic scenario outlined in April.

  • Ircon International is rising as it secures an order worth Rs 862.5 crore from East Central Railway to construct railway lines in Bihar and Jharkhand.

  • RBL Bank is falling sharply as its Q2FY27 provisions jump 53.4% YoY to Rs 766.5 crore due to loan slippages from credit cards, personal loans and microfinance. However, net profit soars 2.6x to Rs 498.3 crore during the quarter. Revenue climbs 21.6% to Rs 5,401.7 crore, supported by higher traction in the treasury operations, corporate & retail banking segments. The bank's asset quality improves as its gross and net NPAs decline 130 bps and 28 bps, respectively.

  • Kalpataru Projects International secures new orders worth Rs 2,225 crore in its power transmission and distribution business. This includes orders and a letter of comfort worth Rs 2,031 crore across India and international markets, along with a Rs 194 crore order secured by its Swedish subsidiary, Linjemontage.

  • HCL Technologies is rising as its Q2FY27 net profit jumps 11% QoQ to Rs 5,132 crore, helped by an increased share of higher-margin advanced AI. Revenue grows 2.6% to Rs 35,854 crore, owing to higher IT, advanced AI and business services demand. Separately, HCL Tech partners with Anthropic to use Claude to accelerate enterprise adoption of agentic AI.

  • Nifty 50 was trading at 22,436.95 (73.6, 0.3%), BSE Sensex was trading at 71,951.73 (27.1, 0.0%), while the broader Nifty 500 was trading at 21,830.70 (8.0, 0.0%).

  • Market breadth is in the red. Of the 2,254 stocks traded today, 825 showed gains, and 1,338 showed losses.

Riding High:

Largecap and midcap gainers today include HCL Technologies Ltd. (1,326, 8.4%), Tata Consultancy Services Ltd. (2,269.30, 6.8%) and Shriram Finance Ltd. (988, 6.3%).

Downers:

Largecap and midcap losers today include ICICI Life Insurance Ltd. (447, -3.5%), Hitachi Energy India Ltd. (30,250, -3.3%) and Schaeffler India Ltd. (3,610, -2.2%).

Volume Rockets

19 stocks in BSE 500 are trading on high volumes today.

Top high volume gainers on BSE included Bandhan Bank Ltd. (172, 9.2%), Birlasoft Ltd. (296.90, 8.8%) and HCL Technologies Ltd. (1,326, 8.4%).

Top high volume losers on BSE were RBL Bank Ltd. (388.05, -7.1%), ICICI Life Insurance Ltd. (447, -3.5%) and Schaeffler India Ltd. (3,610, -2.2%).

Ircon International Ltd. (105.91, 1.1%) was trading at 10.6 times of weekly average. eClerx Services Ltd. (1,974, 5.9%) and Brainbees Solutions Ltd. (177.90, 5.2%) were trading with volumes 5.2 and 5.0 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

4 stocks hit their 52 week highs, while 21 stocks were underachievers and hit their 52 week lows.

Stocks touching their year highs included - PVR INOX Ltd. (1,408.40, 0.5%), PNB Housing Finance Ltd. (1,224.80, 2.1%) and PTC Industries Ltd. (25,385, -1.3%).

Stocks making new 52 weeks lows included - Balkrishna Industries Ltd. (1,998.70, 0.1%) and Bata India Ltd. (615, 0.9%).

14 stocks climbed above their 200 day SMA including Tech Mahindra Ltd. (1,543.50, 4.9%) and Mphasis Ltd. (2,466.30, 4.8%). 14 stocks slipped below their 200 SMA including Maharashtra Seamless Ltd. (591.80, -2.5%) and Poonawalla Fincorp Ltd. (438.50, -2.4%).

 
More from Trendlyne Marketwatch
More from Trendlyne Analysis
Recommended
Primary market turns to Jio Platforms' mega IPO
| 19 Oct 2026, 06:15PM
Market closes lower amid banking sector weakness
Trendlyne Marketwatch | 19 Oct 2026, 04:02PM
Market closes higher, led by gains in IT and metal stocks
Trendlyne Marketwatch | 16 Oct 2026