Indian markets rebound after crude oil eases; HCLTech and HDFC Bank lead

New Delhi [India], October 13 (ANI): Indian stock markets opened lower on Tuesday but recovered to trade in positive territory, amid weak global cues and concerns over elevated crude oil prices.The BSE Sensex declined 192.47 points, or 0.27 per cent, to 71,732.21 in early trade, while the NSE Nifty fell 45.80 points, or 0.20 per cent, to 22,317.30.Global markets remained under pressure, with Wall Street e

Mumbai: Indian stock markets recovered in early trading on October 13, with buying in HDFC Bank and information technology shares lifting benchmark indices. The Sensex traded at 72,594.15, while the Nifty rose 93.40 points to 22,458.50.The recovery followed Monday’s losses, although weak overseas markets and continued foreign investor selling remained in focus.HCLTech Jumps Nearly 5% After ResultsHCLTech gained nearly 5 per cent after reporting a 21.18 per cent increase in consolidated net profit to ₹5,132 crore for the July–September quarter of FY27.HCLTech Q2 FY27 Results: Net Profit Soars 21.2% To ₹5,132 Crore, AI Revenue Jumps 78% As FY27 Growth Guidance Rises Higher margins from its advanced artificial intelligence operations and a lower tax outgo supported the earnings improvement.The stock’s advance helped strengthen sentiment towards technology companies, making IT shares a key driver of the benchmark recovery.Tata Consultancy Services, Tech Mahindra and Infosys were also among the Sensex gainers.HDFC Bank Supports Benchmark ReboundHDFC Bank and Trent joined the early winners, adding support beyond the technology sector.However, buying was not uniform across heavyweight stocks. NTPC, Power Grid, Maruti and Kotak Mahindra Bank were among the laggards.The mixed performance showed that the rebound was supported by selected large companies, rather than gains across every benchmark constituent.Sensex Crashes 1,000 Points From Day's High, Know- 5 Key Reasons Behind Nifty's 200-Point Fall Crude Eases Despite Weak Global MarketsBrent crude futures declined 1.08 per cent to $105.50 a barrel, providing some relief after concerns over elevated oil prices.Overseas equity cues remained subdued. South Korea’s KOSPI traded sharply lower, while Japan’s Nikkei 225, Shanghai’s SSE Composite and Hong Kong’s Hang Seng also declined.US stock markets had finished mostly lower on Monday, leaving the domestic rebound in contrast with the broader international backdrop.Foreign Selling Continues After Monday’s FallForeign institutional investors sold Indian equities worth ₹1,708.48 crore on Monday, according to exchange data.In the previous session, the Sensex dropped 547.65 points, or 0.76 per cent, to 71,924.68. The Nifty fell 157.10 points, or 0.70 per cent, to 22,363.35.The rebound reflected renewed buying in banking and IT shares after Monday’s losses.

Stock Market Today LIVE: Asian markets traded lower, while the US stock market ended mixed overnight, weighed down by selling in technology stocks.

Asian markets traded lower, while the US stock market ended mixed overnight, amid selling in technology stocks. Crude oil prices eased after rising over $2 a barrel in the previous session.

Asian markets traded lower, while the US stock market ended mixed overnight, amid selling in technology stocks. Crude oil prices eased after rising over $2 a barrel in the previous session.

Mumbai: Indian equities declined on Monday, wiping out early gains and partly reversing Friday's bounce, as a spurt in crude oil prices following fresh attacks on Saudi Arabia by Iran-aligned Houthis over the weekend weighed on investor sentiment. The NSE Nifty 50 fell 0.70% to close at 22,363.35, while the BSE Sensex declined 0.76% to 71,924.68. Both indices had risen as much as 0.6% early in the day."Markets are likely to remain under pressure until crude oil prices eased significantly or there was greater clarity on a resolution to the conflict," said Utsav Verma, head of research at Choice Institutional Equities.134905426Sustained foreign investor selling and the pressure on the rupee also remain key concerns for markets, analysts said. Asian markets were largely under pressure on Monday, with South Korea tumbling 3.7% with the pace of sell-off in semiconductor giants Samsung Electronics and SK Hynix. Taiwan, the other semiconductor-driven market, ended 0.1% lower, recovering most of the early losses.Read more: Polycab India’s F&O exit: NSE sets December 30 deadline; NCLAT stays insolvency orderIndonesia lost 2.6% and China's Shenzhen Composite fell 1.8%, while Hong Kong's Hang Seng rose 0.3%. Brent crude futures rose 1.2% to $106.19 a barrel, retracing earlier downsides, after the fresh attacks on Saudi Arabia, a major oil exporter, raised concerns over supplies from the region.Read more: Jubilant Pharmova block deal: Quant Mutual Fund offloads Rs 190 crore stake amid Rs 800 crore fundraising plan; Abakkus buys 11 lakh sharesIn Indian markets, foreign portfolio investors were net sellers of equities worth ₹1,708.5 crore on Monday, while domestic institutional investors were net buyers to the tune of ₹3,045 crore, according to NSE provisional data.Foreigners have sold $3.62 billion worth of Indian equities in October so far, following net sales of $4.14 billion in September. Their net selling in Indian equities has exceeded $33 billion so far in 2026, NSDL data showed.So far this year, the Sensex and Nifty have lost over 15% each.

Asian markets traded mixed, while the US stock market ended higher last week. Crude oil prices slipped, with the Brent oil below $103 a barrel.

Asian markets traded mixed, while the US stock market ended higher last week. Crude oil prices slipped, with the Brent oil below $103 a barrel.