Market Commentary End Session News Details

Local stocks closed with strong gains, NIFTY up 1.60%

(13-Oct-26   17:30)

The key domestic indices ended with strong gains. Nifty IT, Nifty Realty and Nifty 50 shares advanced, while Nifty Pharma shares declined.

As per provisional closing data, the barometer index, the S&P BSE Sensex, jumped 1109.10 points or 1.54% to 73,033.78. The Nifty 50 index surged 358.60 points or 1.60% to 22,721.95. In the past three trading sessions, the Nifty and Sensex rose by 2.20% and 2.01%, respectively.

The broader market underperformed the frontline indices. The BSE 150 MidCap Index advanced 0.92% and the BSE 250 SmallCap Index inched up 0.43%.

The market breadth was encouraging. On the BSE, 2971 shares gained and 2277 shares retreated. A total of 220 shares were unchanged.

Infosys Ltd was the top traded stock in NIFTY50 index today, recording a quantity of 217.81 lakh shares and saw a sharp spurt of 100.30% compared to last one-week’s average daily volume. The stock has slumped by around 5.29% in last one-month and has dropped sharply 31.69% over last one year.

HCL Technologies Ltd was the second highest traded stock in NIFTY50 index today, recording a quantity of 217.45 lakh shares and recorded a sharp spurt of 736.20% compared to last one-week’s average daily volume. The stock has retreated by around 2.45% in last one-month and has lost significant ground 18.18% over last one year.

Index action

The Nifty IT index jumped 5.22% to 29830.1 today. The index has gained modestly by 0.17% in last one week and has slipped by 4.08% over last one month. It is sharply lower by around 19.76% in last one year. HCL Technologies Ltd (up 8.42%), Tata Consultancy Services Ltd (up 6.79%), Tech Mahindra Ltd (up 4.93%), LTM Ltd (up 4.88%) and Mphasis Ltd (up 4.79%) gained.

The Nifty Realty index rose by 2.46% to 829.95 today. The index has slumped by 3.53% in last one week and has inched lower by 0.52% over last one month. It is down around 9.67% in last one year. Aditya Birla Real Estate Ltd (up 5.02%), Prestige Estates Projects Ltd (up 3.88%), Phoenix Mills Ltd (up 3.40%), Godrej Properties Ltd (up 3.22%) and Sobha Ltd (up 2.46%) rose.

The Nifty Pharma index eased by 0.01% to 26075.0 today. The index is down 0.15% in last one week and has posted modest losses of 0.42% over last one month. It has soared by 17.45% in last one year. Ajanta Pharma Ltd (down 2.09%), Divis Laboratories Ltd (down 1.50%), Aurobindo Pharma Ltd (down 1.31%), Mankind Pharma Ltd (down 1.17%) and Torrent Pharmaceuticals Ltd (down 0.84%) traded lower.

The Nifty Realty index rose for a third session in a row today. Aditya Birla Real Estate Ltd (up 5.02%), Prestige Estates Projects Ltd (up 3.88%), Phoenix Mills Ltd (up 3.40%), Godrej Properties Ltd (up 3.22%) and Sobha Ltd (up 2.46%) traded higher.

Global Markets

European markets edged higher.

DOW futures are up by 0.72% today.

MCX Crude oil futures are firmly lower by 2.16% at Rs 8980.0 per barrel.

NIFTY50 futures closed with a sharp gain of 2.12% at 22860 and are in a premium of 138 points compared to NIFTY50.