However, market participants remained cautious amid mixed global cues and ahead of key US inflation data and the ongoing September-quarter earnings season. Continued foreign institutional investor (FII) selling and ongoing geopolitical developments also weighed on investor sentiment.

IT, FMCG and PSU Bank shares jumped while media, pharma and metal counters declined.

At 09:25 IST, the barometer index, the S&P BSE Sensex jumped 356.01 points or 0.49% to 72,275.04. The Nifty 50 index rose 94.85 points or 0.41% to 22,457.10.

The broader market underperformed the frontline indices. The BSE 150 Midcap Index fell 0.13% and the BSE 250 Smallcap Index declined 0.80%.

The market breadth was negative. On the BSE, 1,294 shares rose and 1,743 shares fell. A total of 210 shares were unchanged.

Foreign portfolio investors (FPIs) sold shares worth Rs 1,708.48 crore, while domestic institutional investors (DIIs) were net buyers of Rs 3,045.02 crore in the Indian equity market on 12 October 2026, according to provisional data.

Stocks in Spotlight:

HCL Technologies rallied 3.83% after the company reported consolidated net profit increased 10.99% to Rs 5,132 crore in Q2 FY27 as compared with Rs 4,624 crore in Q1 FY27. Revenue from operations increased 3.01% quarter on quarter to Rs 35,620 crore in Q2 FY27 as compared with Rs 34,579 crore in Q1 FY27.

RBL Bank declined 5.94%. The bank reported a 169.3% rise in standalone net profit to Rs 482 crore in Q2 FY27 as compared with Rs 179 crore in Q2 FY26. Net interest income increased 37.4% to Rs 2,131 crore in Q2 FY27 as compared with Rs 1,551 crore in Q2 FY26.

ICICI Prudential Asset Management Company rose 0.37%. The company reported a 6.1% rise in net profit to Rs 889 crore in Q2 FY27 as compared with Rs 838 crore in Q2 FY26. Revenue increased 16.3% to Rs 1,673.8 crore in Q2 FY27 as compared with Rs 1,439.1 crore in Q2 FY26.

Economy:

IMF has raised India's growth forecast to 7% for both FY27 and FY28. Its earlier estimates were 6.4% and 6.7%, respectively. Strong domestic demand and services activity are supporting growth. The International Monetary Fund (IMF) has raised its global growth forecast for 2026 to 3.1%. Its inflation forecast for 2026 remains 4.7%. For 2027, the forecast has risen to 4.1%, from July's 3.9%.

Numbers to Track:

The yield on India's 10-year benchmark federal paper declined 0.28% to 7.361 compared with the previous session close of 7.382.

In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 95.1500 compared with its close of 95.7850 during the previous trading session.

MCX Gold futures for 4 December 2026 settlement rose 0.02% to Rs 1,49,619.

The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.15% to 102.43.

The United States 10-year bond yield declined 1.01% to 5.193.

In the commodities market, Brent crude for December 2026 settlement dropped $1.15 or 1.08% to $105.50 a barrel.

Global Markets:

Asian market fell on Tuesday, 13 October 2026, tracking overnight weakness in US technology stocks as concerns over elevated crude oil prices and geopolitical tensions weighed on investor sentiment.

Technology stocks led the selloff, following losses in US semiconductor shares amid concerns over intensifying competition between US and Chinese chipmakers and questions over the sustainability of artificial intelligence-related investments.

Wall Street ended mixed on Monday as investors awaited the third-quarter earnings season and key US economic data due this week. The Dow Jones Industrial Average gained 195.60 points, or 0.38%, to close at 51,850.55. The S&P 500 fell 4.30 points, or 0.06%, to 7,807.24, while the Nasdaq Composite declined 120.27 points, or 0.44%, to 27,245.90. Technology and semiconductor stocks weighed on the broader market, while energy shares benefited from higher oil prices.

Crude oil prices eased despite renewed concerns over global energy supplies following attacks on Saudi Arabia and uncertainty surrounding a proposed Russia-Ukraine energy truce.

Investors are now focused on the September US Consumer Price Index (CPI), scheduled for Wednesday, 14 October, followed by the Producer Price Index (PPI) and retail sales data on Thursday, 15 October. The inflation readings will be closely watched for their implications for the Federal Reserve's monetary policy, particularly as higher energy costs risk prolonging inflationary pressures.

The US third-quarter earnings season is also gathering pace, with major banks including JPMorgan Chase, Goldman Sachs, Citigroup and Wells Fargo scheduled to report results on Tuesday. Investors will assess the results for signals on consumer spending, lending demand, credit quality and the broader economic outlook.