Indices ease from day's high; FMCG shares climb
Market participants will monitor global cues, key US inflation data, the ongoing September-quarter earnings season and foreign institutional investors (FII) flows.
FMCG shares jumped after declining in the past trading session.
At 11:25 IST, the barometer index, the S&P BSE Sensex jumped 395.35 points or 0.52% to 72,301.27. The Nifty 50 index rose 128.50 points or 0.57% to 22,491.85.
In the broader market, the BSE 150 Midcap Index rose 0.14% and the BSE 250 Smallcap Index declined 0.54%.
The market breadth was negative. On the BSE, 1,702 shares rose and 2,220 shares fell. A total of 274 shares were unchanged.
The rupee edged higher against the dollar. The partially convertible rupee was hovering at 95.2700 compared with its close of 95.7850 during the previous trading session. Brent crude for December 2026 settlement dropped 90 cents or 0.84% to $105.75 a barrel.
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%.
The IMF said India?s growth outlook was supported by favourable demographic dynamics, a large and expanding domestic market, and continued structural reforms, despite higher global oil prices and geopolitical uncertainties. India remains among the fastest-growing major economies.
Initial Public Offer (IPO)
HD Fire Product received bids for 1,18,02,120 shares as against 1,84,20,492 shares on offer, according to stock exchange data at 11:15 IST on 13 October 2026. The issue was subscribed 0.64 times.
Buzzing Index:
The Nifty FMCG index jumped 0.70% to 44,422.10. The index declined 1.67% in the past trading session.
United Breweries (up 2.97%), Varun Beverages (up 1.64%), Colgate-Palmolive (India) (up 1.44%), Hindustan Unilever (up 1.03%), Nestle India (up 0.92%), Godfrey Phillips India (up 0.68%), Britannia Industries (up 0.61%), ITC (up 0.56%), Tata Consumer Products (up 0.39%) and Dabur India (up 0.15%) advanced.
Stocks in Spotlight:
Bandhan Bank jumped 7.47% amid reports of a potential stake sale in Bandhan Financial Services, the bank?s promoter entity. Abu Dhabi-based International Holding Company (IHC) and First Abu Dhabi Bank are reportedly in early-stage discussions to acquire a stake in the promoter entity. Bandhan Financial Services is reportedly exploring the sale of a 25%-32% stake to strategic investors. The stake held by GIC and IFC is estimated to be worth $500 million-$600 million.
Global Market:
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.
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