Stock Market Highlights Today: Nifty gains on IT support amid global jitters – 13th July 2026

Indian equities ended a volatile Monday session mixed, with the Nifty 50 stabilising near 24,200 despite intraday losses of nearly 1 percent, as a sharp rally in IT stocks offset broader weakness triggered by higher crude prices and renewed West Asia tensions.

Market Overview

Index	13 Jul 2026 Close	Move & % Change	Comments
Nifty 50	approx. 24,200	about -200 pts intraday, partial recovery	Rebounded from 24,000 intraday support, closed near flat.
Sensex	approx. 77,000	-700 pts intraday (near -1%), partial recovery	Hit low of 76,857, stayed under pressure.
Bank Nifty	NA	down up to 1%	Financials dragged by global risk-off mood.
Nifty IT	approx. 29,000	+1,000 pts in two sessions, about +4% today	Hit over one-month high at 29,038.
Nifty Midcap 100	NA	down up to 1%	Midcaps underperformed benchmarks.
Nifty Smallcap 100	NA	down up to 1%	Risk appetite weak outside largecaps.
India VIX	NA	+10% intraday	Volatility jumped from recent five-month low.

• Benchmarks fell nearly 1% intraday before late recovery in Nifty 50.
• Broader market weakness persisted despite IT outperformance.
• Market capitalisation of BSE firms slipped by about ₹2 lakh crore intraday.

Key Market Statistics

Statistic	Value / Change	Context
India VIX	up over 10%	Reflects higher nervousness after West Asia escalation.
Brent crude	above $79 per barrel, about +4%	Spike raises concerns on inflation and India’s import bill.
Dollar index	approx. +0.3%	Stronger dollar pressures emerging market flows.
US 10-year yield	around 4.58%	Higher yields weigh on risk assets globally.

• Rising volatility followed renewed concerns on Middle East conflict.
• Stronger dollar and higher US yields kept foreign flow risks in focus.

Sectoral Action

Sector / Index	Direction (approx.)	Key Drivers
Nifty IT	up about 4%	TCS deal, earnings expectations for HCL Tech, broad IT buying.
Nifty Auto	down about 0.9%	Risk-off trade and crude-linked cost concerns.
Nifty Metal	down about 0.9%	Global growth worries and risk aversion.
Nifty Financial Services	down up to 1%	Higher global yields and risk-off sentiment.

• IT was the standout gainer, bucking the weak market trend.
• Autos and metals led sectoral losers on macro and commodity worries.

Top IT Movers

Top Gainers

Stock	Sector	Notable Factor
Tata Consultancy Services (TCS)	IT services	Signed multi-million, multi-year ABB deal for AI-led global network operations.
HCL Technologies	IT services	Ahead of Q1 FY27 results, profit expected to rise about 18% YoY.
LTM	IT services	Reported 17% YoY rise in Q1 consolidated net profit.
Tech Mahindra	IT services	Rose around 4%, tracking sector-wide buying.
Infosys	IT services	Gained around 4% with renewed interest in largecap IT.

• TCS rallied over 6%, topping the Nifty IT index.
• HCL Tech jumped nearly 6% on expectations of resilient margins.
• LTM climbed more than 4% after strong Q1 earnings and mixed brokerage views.
• Mphasis, Wipro, Persistent Systems, OFSS and Coforge gained over 2% each.
• “Technical indicators, derivatives data and improving momentum suggest the risk-reward is gradually shifting in favour of bulls for IT stocks”

– Anand James, Chief Market Strategist, Geojit Investments.

Broader Market Movers

Top Losers (selected sectors)

Stock / Index	Sector	Notable Factor
Nifty Auto index	Auto	Fell about 0.93%, tracking global risk-off and crude concerns.
Nifty Metal index	Metal	Dropped about 0.88% amid global growth worries.

• Financials, including Bank Nifty constituents, traded lower up to 1%.
• Midcap and smallcap indices fell up to 1%, showing broader risk aversion.

Technical Outlook

• Nifty 50 hit an intraday low of 24,000, a key psychological level.
• Analysts flagged 24,000 as immediate support for the index.
• A sustained move below 24,000 could trigger a test of the 50-day SMA near 23,800.
• A decisive breach of 23,800 may open downside towards 23,600, 23,500.
• The index has been in a broadening formation between 23,800, 24,600 since mid-June.
• A break on either side of this range is expected to set the next short-term trend.

Global Cues and Macro Backdrop

Market / Asset	Movement	Notes
Brent crude	about +4% to above $79	Reacted to renewed US Iran tensions and Hormuz concerns.
US dollar index	about +0.3%	Stronger dollar weighs on emerging market sentiment.
US 10-year yield	near 4.58%	Higher yields raise global risk-free rates.

• US and Iran exchanged missile and drone strikes in recent days.
• Reports indicated Tehran again closed the Strait of Hormuz, a key oil route.
• Higher crude prices revived concerns on India’s inflation and fiscal metrics.
• Rising US yields and a stronger dollar raised the risk of foreign outflows.

New Thematic Index Launch

Index	Key Features	Context
Nifty500 Ahimsa Index	Tracks Nifty 500 companies aligned with Ahimsa principles, only Green AIM category included.	Offers ethical, rules-based benchmark for nonviolence-focused investors.

• NSE Indices launched the Nifty500 Ahimsa Index for Ahimsa-aligned investing.
• Developed with the Ahimsagain Foundation using the Ahimsa Investment Movement framework.
• Companies are classified as Green, Orange or Red, only Green qualify for inclusion.
• Index has base date 1 April 2016 and base value 1,000.
• Constituents are weighted by free-float market capitalisation and reconstituted semi-annually.
• Expected to be a benchmark for ETFs, index funds and structured products.

Strategy Views on Indian Equities

• Goldman Sachs now expects the Nifty 50 to reach 26,500 by June 2027.
• The target implies about 10% upside from current levels after a 9% first-half drawdown.
• The brokerage cited lower commodity prices, a stabilised currency and resilient domestic growth.
• It expects foreign selling to ease, with global investors underweight India.
• Banks, largecaps and value stocks are seen as likely beneficiaries of any inflow reversal.
• Goldman Sachs favours banks, tourism, energy refiners and power utilities over rural and export-focused names.
• It remains structurally positive on defence and energy security themes.

Frequently Asked Questions

Why did the Nifty 50 recover from its intraday low today?

The Nifty 50 bounced back from the 24,000 level as strong gains in largecap IT stocks, led by TCS, HCL Tech and Infosys, offset selling in autos, metals and financials, helping the index close near 24,200 despite weak global cues.

What triggered the rally in IT stocks on 13 July 2026?

IT stocks rallied after TCS announced a multi-million, multi-year AI-led network deal with ABB, HCL Tech headed into results with expectations of an 18% YoY profit rise, and LTM reported a 17% YoY profit increase, lifting the Nifty IT index about 4%.

What is the Nifty500 Ahimsa Index launched by NSE?

The Nifty500 Ahimsa Index is a thematic index of Nifty 500 companies whose businesses align with nonviolence principles, including only firms classified as Green under the Ahimsa Investment Movement framework, and is designed as a benchmark for ethical investment products.