SENSEX, NIFTY50 erase early losses to end higher for a third straight session led by IT shares

The Indian equity benchmarks reversed early losses and ended higher for a third straight session on Monday, July 13, powered by gains in information technology heavyweights like Infosys, Tata Consultancy Services and HCL Technologies.

The SENSEX rose as much as 932 points from the day's lowest level and NIFTY50 index touched an intraday high of 24,260 after hitting a low of 24,000 earlier in the session.

The SENSEX ended 47 points higher at 77,616 and NIFTY50 index advanced 4 points to close at 24,211.

The benchmarks staged a gap down opening as crude oil prices moved above $79 per barrel after US Central Command (CENTCOM) said that it completed a new wave of offensive strikes against Iran, July 12, hitting dozens of targets at multiple locations with precision munitions to degrade Iran’s ability to continue attacking international shipping flowing through the Strait of Hormuz.

However, buying in IT shares after TCS said that it signed a multi-million-dollar deal with ABB to transform global network operations with AI lifted the entire IT sector.

“TCS will help ABB improve user experience, enhance operational efficiency, strengthen security and compliance, scale service delivery, and prepare for next-generation digital operations. At the core of this engagement is ABB’s Future Network Model programme, an enterprise-wide initiative to transform its global network into a standardized, centrally managed digital infrastructure,” the Mumbai-based company said in a regulatory filing.

Nine of 15 major sector gauges compiled by the National Stock Exchange (NSE) ended higher led by the NIFTY IT index's 3.6% gain. NIFTY Media, Private Bank, PSU Bank, Auto, Consumer Durables and Financial Services indices also closed higher.

On the other hand, FMCG, metal, pharma, realty and healthcare shares faced selling pressure.

Broader markets ended on a flat note as NIFTY Midcap 100 and NIFTY Smallcap 100 indices ended on a flat note.

Among the individual shares, Just Dial surged by its daily maximum limit of 20% to close at ₹677.50 after the company announced its quarterly earnings and appointed a new CEO and CFO.

In a regulatory filing dated Friday, the firm said that its board of directors has approved the appointment of Dinkar Ayilavarapu as the designated CEO and Key Managerial Personnel of the company with effect from July 10, 2026.

The internet technology firm reported a 4.1% year-on-year (YoY) increase in its net profit to ₹166.22 crore in the June quarter of FY27, compared with ₹159.65 crore in the year-ago period.

Tata Consultancy Services was top gainer in the NIFTY50 index, the stock advanced 5.51% to close at ₹2,189.

HCL Tech climbed 5.15% ahead of its earnings announcement.

Infosys, Tech Mahindra, Bajaj Auto, NTPC, Kotak Mahindra Bank, Wipro, Tata Motors PV, ONGC, HDFC Life and Mahindra & Mahindra also rose between 0.8% and 3.2%.

On the flip side, Grasim, Tata Steel, Nestle, Eternal, IndiGo, UltraTech Cement, Maruti Suzuki, Asian Paints and Bharat Electronics were top losers in the NIFTY50 index.

The overall market breadth was marginally positive as 1,776 shares ended higher while 1,557 closed lower on the NSE.