Synopsis : Indian markets recovered from a weak start as IT stocks powered the benchmarks higher. Here's why TCS, Just Dial, Kalyan Jewellers, DMart, LTM and other major stocks are making headlines today. Stocks making the biggest moves midday: TCS, DMart, Just Dial, Kalyan Jewellers and more
Indian equity markets bounced back from a weak opening on July 13, with the benchmark indices trading marginally higher by midday despite concerns over rising crude oil prices and renewed geopolitical tensions between the United States and Iran.
The Nifty traded above 24,200, while the Sensex hovered around 77,650.
The biggest support came from information technology stocks, with the Nifty IT index rallying more than 3% after encouraging quarterly results from TCS and LTM boosted investor sentiment.
Here are the biggest movers in today's trading session.
TCS jumps after earnings beat and major AI deal
Tata Consultancy Services emerged as one of the biggest gainers, rising nearly 7% during the session.
The rally followed stronger-than-expected June-quarter earnings and the announcement of a new multi-million-dollar agreement with ABB.
Under the partnership, TCS will modernize ABB's global network operations using artificial intelligence by designing, integrating and operating a secure global network infrastructure.
Investor sentiment also improved after TCS announced leadership restructuring aimed at strengthening its AI-focused business strategy.
Healthy banking demand, strong deal wins and rising AI-related revenue continued to support buying interest across the IT sector.
DMart falls despite double-digit revenue growth
Shares of Avenue Supermarts, which operates the DMart retail chain, declined over 4% after reporting June-quarter results.
The company posted:
- Revenue growth of 14.9% YoY to Rs 18,794 crore
- Net profit growth of 11.3% YoY to Rs 860 crore
However, investors focused on weaker operating metrics.
Same-store sales growth at stores older than two years slowed to 5.5%, compared with 7.1% last year.
Management also highlighted flat growth in older stores across major metro cities, while PAT margins slipped slightly from 4.7% to 4.6%, triggering selling pressure.
HCL Technologies gains ahead of Q1 results
HCL Technologies rose nearly 2% as investors positioned themselves ahead of its June-quarter earnings announcement.
The company's board is also scheduled to consider a second interim dividend for FY27.
Following positive results from TCS, market participants are closely watching HCL's guidance on technology spending and demand trends across global markets.
Adani Green Energy extends gains
Adani Green Energy added around 2% after announcing that its operational renewable energy capacity had crossed 20,142 MW as of June 30, 2026.
The company commissioned 848 MW during the first quarter and stated that its renewable portfolio can power more than 9 million homes while avoiding approximately 37 million tonnes of carbon emissions annually.
Swiggy declines after FSSAI notices
Swiggy shares slipped nearly 3% after the Food Safety and Standards Authority of India (FSSAI) issued nine notices to Swiggy Instamart.
The notices followed consumer complaints involving expired, contaminated and spoiled food products allegedly supplied through the quick-commerce platform.
FSSAI has sought a detailed compliance report and warned of legal action if concerns are not addressed.
Swiggy stated that it is reviewing the flagged products and working closely with regulators.
Just Dial surges after strong quarterly performance
Just Dial was among the session's biggest winners, jumping nearly 15%.
The company reported:
- Net profit up 4.1% YoY to Rs 166 crore
- Revenue up 10% YoY to Rs 328 crore
Investors also welcomed the company's strongest sequential revenue growth since the Covid period, resulting in heavy buying interest.
Kalyan Jewellers extends winning streak
Kalyan Jewellers gained almost 10%, marking its fourth consecutive day of gains.
The rally followed the company's robust quarterly business update, where it reported:
- India revenue growth of 38% YoY
- Same-store sales growth of approximately 28%
Trading volumes also surged after nearly 56 million shares, representing over 5% of the company's equity, changed hands through a likely block deal.
Positive brokerage commentary continued to support investor sentiment.
LTM rallies after earnings and AI partnership
LTM advanced around 5% after reporting strong June-quarter earnings.
The company posted:
- Net profit up 17.1% YoY to Rs 1,468.6 crore
LTM also announced a strategic partnership with Anthropic to accelerate enterprise adoption of AI solutions, including Claude and Claude Code.
The collaboration will focus on AI-powered software engineering, application modernization, banking, financial services, consumer industries and enterprise automation.
The announcement further strengthened optimism across the IT sector.
Conclusion
While broader markets remained cautious due to geopolitical concerns and higher crude oil prices, strong earnings momentum in the IT sector helped lift benchmark indices.
TCS, LTM, Just Dial and Kalyan Jewellers emerged as the biggest gainers on the back of earnings, AI partnerships and positive business updates, while DMart and Swiggy remained under pressure following operational concerns and regulatory developments.
Disclaimer : This article is for informational purposes only and should not be construed as investment advice or a recommendation to buy, sell or hold any security. Stock prices are subject to market risks, and company developments may change rapidly. Investors should conduct their own research and consult a SEBI-registered investment advisor before making any investment decisions.
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