Indian Equities Stage Strong Rebound Led by IT Stocks as Nifty Surges Over 350 Points

Indian equities staged a sharp rebound on 13 October 2026, led by a powerful rally in IT stocks that lifted overall market sentiment. The Nifty 50 surged 358.60 points or 1.60 percent to close at 22,721.95, while the Sensex advanced 1,109.10 points or 1.54 percent to 73,033.78.

Market Movers And Levels

The Nifty IT index jumped over 5 percent, driven by optimism around HCL Technologies' earnings. Realty, FMCG, PSU banks, autos, metals, and media also ended higher, while pharma was the only sectoral laggard, slipping 0.05 percent. Technical indicators showed momentum improving with Nifty reclaiming the 22,700 mark. Immediate support was seen at 22,600 to 22,450, while resistance lay near 22,800 to 22,900.

Economic Factors And Expert Picks

Macro concerns persisted with Brent crude holding at USD 104.55 per barrel and retail inflation at 5.54 percent. Meanwhile, the India VIX fell nearly 8 percent, signaling easing near-term uncertainty, though small-cap weakness suggested uneven risk appetite. The rupee extended its rebound, trading in the mid-95s, aided by RBI's intervention. Market expert Raja Venkatraman, co-founder of NeoTrader, shared multi-day stock picks including ECLERX, MEESHO, and SHYAMMETL with specific trade strategies.

Context

Stock market rebounds of this scale often follow strong corporate earnings reports that restore investor confidence in key sectors like technology. Macroeconomic indicators such as retail inflation and crude oil prices are closely watched by traders because they directly impact corporate profit margins and central bank policy decisions.