Closing Bell 13th July: Nifty 50 up by 0.02% & Sensex by 0.06%

On Monday, the Indian stock market closed the day in positive sentiment, with the Nifty 50 opening at 24,039.40, reaching a high of 24,259.80, and closing at 24,211.00, up by 0.02%. Similarly, the BSE Sensex opened at 76,963.35, reached a high of 77,789.29, and ended at 77,616.40, up by 0.06%.

The Indian markets traded in the green after Goldman Sachs turned constructive on Indian equities, forecasting the Nifty 50 to rebound to 26,500 by June 2027, citing an improving macro backdrop, easing foreign selling, resilient domestic growth, and attractive valuations.

Reasons for the positive sentiment

The following are the reasons for the positive sentiment in the stock market:

• Strong buying sentiment in the IT sector.
• Foreign investors turned net buyers in the Indian markets.

Major Indices Today

• The benchmark indices, Nifty 50 and Sensex, traded in the green, led by the gains in Infosys, ICICI Bank, Tata Consultancy Services and HCL Technologies shares.
• Nifty Next 50 traded in the red, dragged by losses in shares of Avenue Supermarts (DMart), Varun Beverages, Indian Hotels, and Adani Power.
• Nifty Bank traded higher, led by gains in PSU banks as Union Finance Minister Nirmala Sitharaman will meet the heads of public sector banks (PSBs) today to review the progress of the foreign currency deposit mobilisation campaign being undertaken by the banks.

Sectoral Indices Today

• Nifty IT traded higher after Tata Consultancy Services (TCS) gained on a major deal win and LTM after announcing a strategic partnership with Anthropic to accelerate enterprise adoption of Claude artificial intelligence models.
• Nifty Auto traded in the green, led by gains in TVS Motor Company shares after its Apache model crossed 7 million customers globally and expanded its presence to over 90 countries and now spans street, supersport and adventure touring segments.
• Nifty FMCG traded in the red amid selling pressure across the sector.
• Nifty Pharma traded lower amid profit booking after previous session gains.
• Nifty Oil & Gas traded lower amid rising tensions in the Middle East.

Market Movers Today

• LTM shares rose by 4% after the company announced a strategic partnership with Anthropic, where the company will combine Claude, Claude Code, and Claude Cowork with its enterprise implementation expertise to help clients "move from pilots to production with market-leading productivity, throughput, quality underscored by assurance and transparency.
• Kalyan Jewellers India shares rose by 10%, up for the fourth consecutive session, adding nearly ₹16,500 crore to the company's market capitalisation, which crossed ₹53,850 crore during the session as investors continued to invest in the stock following last week's bullish brokerage commentary and optimism over the jewellery retailer's long-term growth prospects.
• Tata Consultancy Services (TCS) shares rose by 6% after the company signed a multi-million-dollar, multi-year deal with ABB, where the company will scale its role from managing infrastructure and applications to delivering end-to-end global network operations, through an integrated network-as-a-service model and will help ABB to improve user experience, enhance operational efficiency, strengthen security and compliance, scale service delivery, and prepare for next-generation digital operations.
• Balrampur Chini Mills shares rose by 6.10% after the brokerage firm HDFC Securities initiated coverage on the company with a 'Buy' recommendation and projected a bull case target price of ₹650 over the next four quarters, believing that the company is well positioned to benefit from India's growing ethanol blending programme and increasing focus on renewable energy.
• JBM Auto shares rose by 3% after its subsidiary, JBM Electric Vehicles, signed an MoU with electric commercial vehicle leasing platform Drivn to supply 500 electric luxury buses equipped with advanced technology and features.

Top Gainers

Top Losers

52W High Stocks

52W Low Stocks

High Volume Stocks Today

IPO

• Laser Power & Infra IPO closed today. The price band set for the IPO was from ₹203 to ₹214 per equity share.

Allotted today

• Kusumsagar IPO shares allotted today. Investors can check their allotment status on the NSE and BSE websites.

Market Announcements

• Avenue Supermarts, which runs the DMart chain of hypermarkets, shares dropped by 4% after the company's like-for-like (LFL) growth decelerated in Q1 FY27 while store additions were modest.
• Puravankara shares rose by 15% after the company reported a 28% YoY growth in pre-sales to ₹1,439 crore, while collections climbed 40% to ₹1,199 crore, and sales area stood at 1.36 million square feet (msft), up 9% YoY, and average price realisation improved 18% to ₹10,589 per sq ft.