Sensex Jumps 1,109 Points; Nifty Closes Above 22,700 | PMR Pulse, 13 October 2026
Today’s Overview: Indian equities rallied on Tuesday. The Sensex rose 1,109.10 points (1.54%) to 73,033.78 and the Nifty 50 gained 358.60 points (1.60%) to 22,721.95. IT stocks led after HCLTech reported strong Q2 profit growth, while TCS and Infosys also advanced. The rupee strengthened to ₹95.28 per US dollar following RBI measures aimed at easing currency pressure. Finance Minister Nirmala Sitharaman said LTCG and STT are topics for Budget consultations, but no tax change was announced.
Today’s Top Finance, Economy & Money Stories
1. Sensex Jumps 1,109 Points as Nifty Reclaims 22,700
What happened: Sensex closed at 73,033.78, up 1.54%, while Nifty 50 rose 1.60% to 22,721.95, recovering much of Monday’s decline.
Why markets rose: Strong IT earnings, a firmer rupee, easing bond-yield concerns and renewed discussion about capital-gains taxation supported sentiment. The Finance Minister’s comments were not an announcement of a tax cut.
PMR Insight: A sharp rally can improve sentiment, but it does not remove risks from oil prices, foreign outflows or uncertain global demand.
2. IT Stocks Lead as HCLTech, TCS and Infosys Rally
What happened: Nifty IT rose about 5.2%. HCLTech gained around 8.4%, TCS about 6.8%, Infosys 4.44% and Wipro 4.45%.
HCLTech Q2: Net income rose 21.2% year on year to ₹5,132 crore, revenue grew 11.5% to ₹35,620 crore and EBIT margin expanded to 18.2%. Annualised advanced AI revenue reached $876 million, up 78% year on year in constant currency; deal bookings totalled $3.26 billion.
Risk to watch: HCLTech maintained FY27 constant-currency revenue growth guidance of 2.5%–4.0%, reflecting a volatile demand environment and AI-related changes to client pricing and delivery models.
PMR Insight: Strong profit growth is positive, but guidance, deal conversion and margins matter more than one day’s share-price jump.
3. Rupee Strengthens to ₹95.28 After RBI FX Measures
What happened: The rupee strengthened about 0.5% to ₹95.28 per US dollar. RBI measures include redirecting oil-related dollar demand to a special facility and tightening rules for certain FX derivative positions.
Potential impact: A stronger rupee may ease the local cost of dollar-priced imports and foreign-currency liabilities. Exporters’ rupee realisations may be affected depending on exposure and hedging. Wider forward-market spreads and compliance costs are risks to watch.
PMR Insight: Currency stability also depends on oil, capital flows, trade balances and global dollar conditions.
4. LTCG and STT Discussed for Budget, but No Change Announced
What happened: Finance Minister Nirmala Sitharaman said investors’ views on LTCG tax, STT and taxation across asset classes can be heard during Budget consultations. She did not commit to removing or changing either tax.
What investors should do: Continue using the current tax rules. Do not trade based on speculation about a future Budget announcement.
PMR Insight: Policy discussion is not policy implementation. Wait for an official proposal and enacted rules.
5. Tata Elxsi Q2: Profit Rises 10%, Revenue Grows 15%
What happened: Tata Elxsi reported Q2 FY27 net profit of ₹170 crore, up 10% year on year, and revenue from operations of ₹1,055.66 crore, up 15%. Sequentially, revenue increased 3.38%, while profit was slightly lower than the previous quarter.
What to watch: Higher employee and operating costs, segment demand and client spending remain important to margin sustainability.
6. IMF Raises FY27 Growth Forecast to 7%
The IMF raised its FY2026–27 growth forecast to 7% from 6.4%, citing stronger domestic demand and resilient services. The RBI projection is 7.1%. Elevated oil prices, currency pressure and global fragmentation remain risks.
PMR Insight: Forecasts are expectations, not guarantees. Track realised GDP, inflation, consumption and earnings.
7. What Today’s News Means for Your Money
- Investors: Avoid chasing a one-day rally; review diversification, valuations and time horizon.
- SIP investors: Keep contributions aligned with goals and risk capacity, not daily headlines.
- Borrowers: Check actual lender notices before assuming EMI changes.
- Gold buyers: Local prices depend on global bullion, the rupee, duties and premiums.
- Taxpayers: Use current LTCG/STT rules until official changes are announced.
- Businesses: Currency moves can alter import costs and export realisations depending on hedging.
Today’s Visual Dashboard
Importers may benefit
Hedging friction risk
Profit growth supports sentiment
Pricing and demand risks
Detailed Market Snapshot
- Sensex: 73,033.78, up 1,109.10 points (+1.54%).
- Nifty 50: 22,721.95, up 358.60 points (+1.60%).
- Bank Nifty: 55,481.05.
- Nifty IT: approximately +5.2%.
- HCLTech: +8.4% approximately.
- TCS: +6.8% approximately.
- Infosys: +4.44%.
- Wipro: +4.45%.
- USD/INR: ₹95.28 per US dollar.
Finance Word of the Day: Constant-Currency Growth
Meaning: A measure of revenue growth that removes exchange-rate effects. For IT exporters, it helps distinguish underlying demand from currency translation.
Investor Lesson: Separate Headlines From Confirmed Policy
Comments about possible tax changes can move sentiment, but they do not change the law. Strong quarterly earnings also do not guarantee future share-price gains. Base decisions on published rules, company disclosures, valuation and your goals.
Next Session / Watch
- Q2 earnings: Track guidance, margins and order books.
- Rupee: Watch whether the recovery persists as RBI FX measures take effect.
- Crude oil: Elevated prices remain an inflation and corporate-margin risk.
- Foreign flows: Track FII activity and global bond yields after the rally.
- LTCG/STT: Watch formal Budget updates; no tax change has been announced.
Plan Your Financial Strategy with PlanMyReturns Tools
Use the calculators most relevant to today’s market and policy developments.
- SIP Calculator: Model long-term investing scenarios.
- Lumpsum Calculator: Compare one-time investment outcomes.
- Old vs New Tax Regime Calculator: Compare tax liabilities under current rules.
- Income Tax Calculator: Estimate tax under applicable provisions.
- Gold Investment Calculator: Model allocation scenarios.
- Inflation Calculator: Understand changing purchasing power.
About PMR Pulse
PMR Pulse is PlanMyReturns’ daily finance, economy and market briefing. We explain what changed, why it matters, which sectors may be affected and what investors, borrowers, savers and households should watch next.
Published: 13 October 2026, 7:30 PM IST.
