Market performance
Indian equity markets declined sharply on April 13, 2026. The Sensex fell over 700 points, while the Nifty closed below the 23,850 mark.
The selloff was triggered by rising global tensions after US–Iran talks failed to reach an agreement. The situation worsened with a naval blockade in the Strait of Hormuz, which pushed crude oil prices sharply higher and weighed on market sentiment.
Index performance
Sensex fell 702.68 points (-0.91%) to close at 76,847.57.
Nifty 50 declined 207.95 points (-0.86%) to 23,842.65.
Nifty Bank dropped 307.70 points (-0.55%) to 55,605.05.
Nifty IT fell 360.80 points (-1.16%) to 30,669.80.
Broader markets also ended lower.
Nifty Midcap declined 330.65 points (-0.57%) to 57,513.30.
Nifty Smallcap fell 35.15 points (-0.43%) to 8,167.50.
What drove the market move?
Failure of US–Iran talks
Talks between the US and Iran ended without a deal, reducing hopes of easing geopolitical tensions.
Strait of Hormuz blockade concerns
The announcement of a naval blockade increased fears around global energy supply disruptions.
Surge in crude oil prices
Brent crude rose over 8%, crossing $103 per barrel, adding pressure on inflation and market sentiment.
Rupee weakness
The Indian Rupee fell by 65 paise to 93.38 per dollar, reflecting pressure from rising crude prices and a stronger dollar.
Tariff concerns from the US
Reports indicated renewed tariff threats by the US against China, adding to global uncertainty.
Sectoral performance
Selling pressure was visible across sectors, with all major indices ending in the red.
IT stocks saw notable declines during the session.
Broader markets also remained weak, reflecting cautious sentiment.
Commodities and Currency
Gold (MCX) declined to ₹1,51,749, down ₹903 (-0.59%).
Silver (MCX) fell to ₹2,38,250, dropping ₹5,024 (-2.07%).
Brent crude surged above $103 per barrel amid supply concerns.
The Indian Rupee depreciated to ₹93.38 against the US dollar, slipping by 65 paise compared to its previous close.
Volatility index
Market volatility increased. India VIX rose by 1.65 points (8.75%) to 20.50, indicating higher market uncertainty.
Market takeaway
Monday’s decline reflects how global developments continue to influence domestic markets. The sharp rise in crude oil prices and geopolitical tensions weighed on sentiment.
Markets will continue to track developments in global negotiations, crude oil prices and currency movement for further direction.
Source: Moneycontrol, Business Standard, Google Finance, LivemintDisclaimer: This content is shared for general informational purposes only. It does not constitute investment advice, a recommendation, or an offer to buy or sell any securities or financial products. Market data and views are based on publicly available information and are subject to change. Investments in the securities market involve risk. Readers should consult a qualified financial advisor before making any investment decisions.
