The Indian stock market recorded a sharp recovery from intraday lows on Monday, with Sensex and Nifty closing in the green with marginal gains after crashing nearly 1% each in the morning.
At the closing bell, the BSE Sensex closed higher by 47 points.
Meanwhile, the NSE Nifty closed 4 points higher.
TCS, HCL Tech and Infosys were among the top gainers today.
Tata Steel, Nestle and Eternal, on the other hand, were among the top losers today.
The GIFT Nifty was trading at 23,180, up by 5 points at the time of writing.
The BSE 150 Midcap index ended flat and the BSE 250 Smallcap index ended 0.2% higher.
Sectoral indices were trading mixed today, with stocks in the IT sector and Auto sector witnessing a buying spree. Meanwhile, stocks in the metal and capital goods sectors witnessed selling pressure.
The rupee is trading at 95.69 against the US$.
Gold prices for the latest contract on MCX are trading 0.9% lower at Rs 142,138 per 10 grams.
Meanwhile, silver prices were trading 1.1% lower at Rs 220,150 per 1 kg.
Why TCS Share Price Is Rising
In news from the IT sector, Shares of the IT bellwether surged over 6% in intraday trade, touching a high of Rs 2,204.75 against its previous close of Rs 2,069.05.
Investor sentiment received a boost after TCS announced a multi-million dollar, multi-year contract with global technology company ABB to transform its worldwide network operations.
Under the agreement, TCS will move beyond infrastructure and application management to deliver end-to-end global network operations through a network-as-a-service (NaaS) model.
As part of ABB's Future Network Model programme, TCS will:
Design and manage ABB's global network ecosystem
Build an AI-driven, secure, and standardised digital infrastructure
Improve operational efficiency and user experience
Strengthen cybersecurity and regulatory compliance
Manage ABB's multi-vendor network environment globally
The deal reinforces TCS' position as a strategic digital transformation partner for large global enterprises.
The company also announced a significant leadership overhaul aimed at accelerating growth across key markets and business segments.
TCS has created five new business groups.
Why OMC Stocks are Under Pressure?
Shares of oil marketing companies (OMCs) came under pressure in Monday's trade, July 13, after crude oil prices jumped more than 4% following renewed geopolitical tensions in West Asia.
The Nifty Oil & Gas index fell as much as 0.82% to an intraday low of 11,085.80.
Among OMCs, Hindustan Petroleum Corporation (HPCL) declined 2.46%, Indian Oil Corporation (IOCL) dropped 2.45%, and Bharat Petroleum Corporation (BPCL) slipped 1.68% during intraday trade.
The selling pressure came after crude oil prices surged on the back of fresh military strikes involving the US and Iran, raising concerns over potential disruptions to energy supplies through the Strait of Hormuz.
Despite the sharp move in crude, market participants believe investors have largely factored in the ongoing West Asia tensions, with the latest escalation failing to trigger the widespread panic witnessed earlier this year.
Among the major losers in the Nifty Oil & Gas index, Petronet LNG, GAIL, HPCL, BPCL, and IOCL were all down more than 1% in intraday trade.
Fino Payments Bank zooms 13%
Moving on with news, shares of Fino Payments Bank surged 13% on Monday after the company reported a strong business update for June, driven by robust growth in loan disbursals and new account openings ahead of its proposed transition into a small finance bank (SFB).
The bank said its core liability business remained strong during the month, with over 3.1 lakh new accounts opened, marking a 31% year-on-year (YoY) increase. This took its total customer base to 1.8 crore accounts.
Fino's FinoPay mobile app also witnessed healthy traction, with active users rising 38% YoY to 8.4 lakh, compared with 6.1 lakh in June last year.
The standout performer was the bank's loan referral business, where referral loan disbursals jumped 3.5 times (253% YoY) to nearly ?240 crore. The company said this business serves as a pilot for its proposed small finance bank and demonstrates the strong credit potential within its customer ecosystem, supporting its long-term lending strategy.
In December 2025, Fino Payments Bank became the first payments bank to receive the Reserve Bank of India's in-principle approval to transition into a small finance bank.
Meanwhile, the company noted that the ongoing shift from cash-based transactions to UPI, along with its focus on onboarding higher-quality and more active merchants, led to a 35% YoY decline in payment throughput during June 2026. However, it added that the pace of decline has moderated compared with previous months.
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