Top Gainers & Losers on 13 July: Newgen Software, Kalyan Jewellers, TCS, Voltas, Paytm, Bajaj Auto among top gainers
AI Summary
Indian benchmark indices closed largely unchanged on July 13, supported by strong buying in IT and auto stocks, despite weak global cues. The Nifty IT index surged 3.59%, with major gains from companies like TCS and Newgen Software, while broader market indices remained flat. Analysts noted a positive sentiment in the market, particularly in the IT sector, which may lead to improved fund flows into India.
Indian benchmark indices ended Monday's session (July 13) largely unchanged despite weak global cues, as strong buying in IT and auto stocks helped the market hold on to key support levels.
The Nifty 50 opened the session with a sharp gap-down but recovered as the day progressed. The index briefly turned positive before settling at 24,211. The Sensex also ended at 77,564, largely unchanged from Friday's close.
The broader market mirrored the benchmark trend, with both the Nifty Midcap 100 and Nifty Smallcap 100 indices ending the session flat.
Amid strong buying in technology stocks, the Nifty IT index emerged as the top sectoral gainer, surging 3.59%. It was followed by the Nifty Media and Nifty Consumer Durables indices, which gained 2% and 1.15%, respectively.
On the other hand, the Nifty FMCG, Nifty Metal, and Nifty Cement indices ended in the red, declining between 0.70% and 1%.
Vinod Nair, Head of Research, Geojit Investments, said, “The market witnessed a strong intraday recovery from the day’s lows, ending with modest gains amid a positive underlying sentiment supported by encouraging IT business updates and attractive valuations.”
“Another positive development is that despite selling pressure continuing in the global markets driven by concerns over an AI-led valuation bubble, the negative impact on Indian IT stocks has eased in recent weeks. FII selling in the Indian IT sector has also moderated, which could support a future shift in fund flows to India,” he further added.
Today's gainers were dominated by technology stocks, with Newgen Software Technologies leading the pack after surging 13.3% to ₹585 apiece.
It was followed by Sonata Software, Zensar Technologies, Birlasoft, Tech Mahindra, Infosys, Mphasis, Cyient, eClerx Services, Coforge, Persistent Systems, and Netweb Technologies, which rallied between 2.5% and 11%.
TCS shares jumped 5.4% to ₹2,182 after the company secured a multi-million-dollar contract from Swiss Swedish industrial technology firm ABB. Another IT major, HCL Technologies, gained 5% ahead of its June-quarter earnings announcement.
Extending gains for the fourth consecutive session, Kalyan Jewellers advanced another 7.25% to ₹511, taking its gains for July to 35%. Pine Labs also extended its winning streak to a third straight session, rising another 7% to ₹155 apiece.
Apart from TCS, other Tata Group stocks, including Tata Technologies, Tata Elxsi, Voltas and Tata Motors, also ended higher, gaining up to 6.1%.
One97 Communications (Paytm) settled 3.3% higher at ₹1,386. During the session, the stock hit a fresh 52-week high of ₹1,386, moving closer to the ₹1,400 mark, a level last seen in December 2021. Among auto stocks, Bajaj Auto gained 2.2% to close at ₹10,381.
Ksheera Sagar has been working as a Market Research Analyst at LiveMint for the past four years, covering stocks, commodities, and broader financial markets. In this role, he closely tracks daily market movements, corporate earnings, sector trends, and macroeconomic developments. <br><br> He has over a decade of experience in the financial services industry and has previously worked with multiple organisations, including global investment bank J.P. Morgan, bringing strong research experience into the newsroom. <br><br> During his career, he has gained extensive exposure to equity research, market analysis, and financial data interpretation, strengthening his expertise across asset classes and market cycles. <br><br> He is known for his data-driven analysis and crisp, listicle-style market stories that break down complex financial developments across key markets for a wide audience. His strong research skills enable him to write detailed and insightful stories on stocks and sectors, focusing on the underlying factors driving market movements. <br><br> His work combines quantitative insights with clear storytelling, presenting financial developments in a clear and structured manner. Moreover, he enjoys writing mul...
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