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

Indian stock markets saw a significant rebound on October 13, with the Sensex rising over 1,100 points driven by strong IT sector earnings and positive sentiment regarding capital gains tax discussions. Major firms like HCL Tech and TCS led the rally.
Why it matters
Market performance is a key indicator of investor confidence in India's corporate profit growth and regulatory environment.
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.
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