# Indian Benchmark Indices Rally as Strong HCLTech Earnings Drive IT Sector Gains

- URL: https://stocks.freetheai.org/news/indian-benchmark-indices-rally-as-strong-hcltech-earnings-drive-it-sector-gains-352977
- Published: 2026-10-13T11:40:55Z
- Category: earnings; sentiment: bullish; impact: high
- Symbols: [NSE:NIFTY](https://stocks.freetheai.org/symbols/NSE-NIFTY), [NSE:HCLTECH](https://stocks.freetheai.org/symbols/NSE-HCLTECH)
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Indian equity markets rebounded sharply on Tuesday following two days of declines, boosted by a rally in technology shares. The benchmark Nifty 50 Index (NSE:NIFTY) surged 1.60% or 358.60 points to close at 22,721.95, recovering from an intraday low of 22,288 and marking its largest single-day percentage gain since June 12. The BSE Sensex rose 1,109.10 points to end at 73,033.78, while the Bank Nifty added 563.05 points to finish at 55,481.05.

The market surge was spearheaded by strong financial performance in the technology sector after HCL Technologies Limited (NSE:HCLTECH) reported quarterly earnings that topped expectations. Driven by robust deal wins in artificial intelligence, shares of HCL Technologies jumped over 8%, while Tata Consultancy Services advanced 6.6%. The Nifty IT index gained more than 5%, leading all sectoral indices.

Nearly all sector groups closed higher during the session, with realty, consumer durables, and fast-moving consumer goods making notable contributions. Nifty Pharma was the sole sectoral index to end in negative territory. While benchmark indexes saw significant gains, broader market indices lagged behind.

## Key points

- The Nifty 50 Index rose 1.60% to close at 22,721.95, posting its largest single-day percentage advance since June 12.
- HCL Technologies Limited jumped over 8% after reporting stronger-than-expected quarterly earnings driven by AI deal wins.
- The Nifty IT index climbed more than 5%, making technology the best-performing sector of the trading session.
- Most sectoral indices closed in positive territory, with only Nifty Pharma recording a loss.

## Questions and answers

### Why did Indian stock markets rise on October 13, 2026?

Indian stock markets surged on Tuesday after HCL Technologies reported better-than-expected quarterly results driven by strong AI deal wins, sparking a major rally across technology stocks and the broader benchmark indices.

### How much did the Nifty 50 and HCL Technologies gain?

The Nifty 50 Index closed up 1.60% at 22,721.95, marking its steepest single-session percentage gain since June 12. HCL Technologies Limited shares surged over 8% during the session.

### Which sectors performed best during Tuesday's market rally?

The Nifty IT index was the top sectoral performer, jumping over 5%. Realty, consumer durables, and FMCG sectors also recorded gains, while Nifty Pharma was the only sectoral index to finish lower.