Closing Bell: Sensex Rallies 1,100 Points, Nifty Tops 22,700

Closing Bell: Sensex Rallies 1,100 Points, Nifty Tops 22,700 as IT Stocks Drive Recovery Indian stock markets witnessed a strong rebound on October 13, with benchmark indices finishing the session on a bullish note. The Nifty 50 moved above the 22,700 mark, while the Sensex gained over 1,100 points amid robust buying interest, particularly across information technology stocks. At the closing bell, the Sensex jumped 1,109.10 points (1.54%) to 73,033.78, while the Nifty 50 gained 358.60 points (1.60%) to settle at 22,721.95. Market breadth favoured advances, with 2,303 stocks rising, 1,711 declining and 162 remaining unchanged. Top Nifty Gainers: HCLTECH,

, Shriram Finance, Tech Mahindra and Infosys were among the leading performers. Top Nifty Losers: Eternal, Kotak Mahindra Bank, Max Healthcare, Power Grid Corporation and Maruti Suzuki closed lower. Sectoral Trends The IT sector spearheaded the market recovery, with the Information Technology index climbing around 5%. Metal, PSU Bank, Auto, Consumer Durables and Realty indices posted gains of nearly 1% each. Energy and Pharma were the key exceptions, ending without joining the broader upward movement. Broader Market Snapshot The Nifty Midcap index advanced approximately 0.7%, whereas the Nifty Smallcap index inched up around 0.2%, reflecting comparatively modest gains in the broader market. Market Outlook Domestic benchmarks ended significantly higher, supported by a strong rally in IT shares and buying across several sectors. However, declines in select heavyweight stocks indicate that market performance remained uneven across individual counters. Investment in securities market are subject to market risks. Read all the related documents carefully before investing.