Stock Market Mid-Day report, July 13, 2026: Sensex, Nifty Pare Early Losses to Trade Near Flat at Midday as IT Stocks Buck Hormuz Rising Tension

Mumbai, July 13: Indian equity benchmarks pared their early losses to trade near flat on Monday as buying in IT heavyweights offset losses in metal, realty and FMCG stocks amid fresh Iran-U.S. tensions with Tehran announcing closure of Strait of Hormuz. 

At around 9: 38 am, the S&P BSE Sensex was trading 453.38 points or 0.58 per cent lower at 77,116.01 and Nifty 50 was down 140.25 points or 0.58 per cent at 24,066.65. After trading deep in the red in early deals, both benchmarks pared losses by noon. Sensex was up 56.84 points or 0.07 per cent at 77,626.23 and Nifty 50 up 6 points or 0.02 per cent at 24,212.90 at 12:42 pm. 

Gainers 

IT stocks were the top gainers in Nifty 50 with Tata Consultancy Services (TCS) rising the most. TCS was trading 5.59 per cent higher at Rs 2,184.60 from the previous close of Rs 2,069. HCL Technologies (HCLTECH) was trading 4.94 per cent higher at Rs 1,221.60 from Rs 1,164.10. Tech Mahindra (TECHM) gained 3.42 per cent to Rs 1,504.50 from Rs 1,454.80. Infosys (INFY) was trading 3.10 per cent higher at Rs 1,101.10 from Rs 1,068 and Wipro (WIPRO) gained 1.89 per cent to Rs 178.78 from Rs 175.46. 

Losers 

Among losers, Tata Steel (TATASTEEL) fell 2.30 per cent to Rs 186.79 from Rs 191.19, followed by InterGlobe Aviation (INDIGO) 2.07 per cent to Rs 5,202 from Rs 5,312. JSW Steel (JSWSTEEL) dropped 1.55 per cent to Rs 1,226.10 from Rs 1,245.40, Tata Consumer Products (TATACONSUM) declined 1.52 per cent to Rs 1,095 from Rs 1,111.90 and Grasim Industries (GRASIM) fell 1.48 per cent to Rs 3,166 from Rs 3,213.60. 

Nifty Smallcap 250 and Nifty Smallcap 500 added 0.08 per cent each and Nifty Microcap 250 was up 0.06 per cent. Sectorally, Nifty IT index gained 3.64 per cent, Nifty Midsmall IT & Telecom index rose 1.25 per cent and Nifty Consumer Durables index was up 1.21 per cent. On the flip side, Nifty Realty index fell 1.33 per cent, Metal index dropped 1.16 per cent and Nifty FMCG index declined 0.93 per cent. 

Iran War  

Tensions between U.S. and Iran escalated over the weekend as Tehran expanded strikes in Qatar and United Arab Emirates (UAE) amid fresh U.S. attacks on Iranian targets. On Sunday, U.S. forces launched another round of strikes against dozens of Iranian targets across the country with precision munitions, the U.S. Central Command said in a statement. Iran later announced that it had closed the Strait of Hormuz after a vessel on an unsanctioned route was targeted by the Islamic Revolutionary Guard Corps Navy, according to state-linked media.  

President Donald Trump said on Sunday the Strait of Hormuz remains open to commercial shipping. Very few ships crossed the Strait of Hormuz over the weekend as transits through the key waterway fell to their lowest in five weeks on Sunday. Iranian strikes on the Gulf countries has cast doubt over a temporary U.S.-Iran deal that allowed the Strait of Hormuz to reopen last month. 

Asian Markets 

Asian markets were trading mixed in the morning. Hong Kong’s Hang Seng index and Malaysia’s FTSE Bursa Malaysia KLCI were trading higher while Japan’s Nikkei 225 dropped over 1 per cent and Australia’s S&P ASX All Ordinaries eased 0.33 per cent on Monday. On Friday, Dow Jones Industrial Average ended higher by 0.29 per cent, S&P 500 rose 0.42 per cent and Nasdaq Composite gained 0.29 per cent. 

Oil Prices 

Oil prices rose more than 3 per cent on Monday after Iran broadened its attacks on other Gulf nations including Qatar and UAE in response to fresh U.S. strikes, raising concerns over shipments through the Strait of Hormuz. Brent crude oil was trading at $78.35 a barrel while U.S. West Texas Intermediate crude rose to $73.62 a barrel. Both benchmarks rose even after International Energy Agency (IEA) said global oil supply surged by 4.1 million barrels per day (bpd) in June. Oil supply is still down by 9.4 million bpd from pre-war levels. 

Sources

•  bseindia.com
• nseindia.com
• https://www.reuters.com/world/asia-pacific/iran-declares-strait-hormuz-closed-unauthorised-vessel-hit-2026-07-11/
• https://www.reuters.com/markets/stocks/asia-pacific/
• https://www.reuters.com/business/energy/oil-jumps-more-than-3-after-us-iran-launch-strikes-mideast-2026-07-12/