- By Aditya Pratap Singh
- Mon, 13 Apr 2026 03:48 PM (IST)
- Source:JND
Stock Market Today: The domestic equity indices settled in negative territory on Monday amid escalating tension in the Middle East after the US-Iran failed to reach a consensus to end the war and the opening up of the Strait of Hormuz. BSE Sesnex closed at 76,847.57, down 702.68 points or 0.91 per cent. Nifty50 settled at 23,842.65, down 207.95 points or 0.86 per cent.
"Markets continue to derive limited support from last week’s ceasefire framework, which remains intact for now and is encouraging selective buying interest along with a buy-on-dips approach. This comes despite an initial negative reaction to the breakdown of US–Iran peace talks and the announcement of a US naval blockade in the Strait of Hormuz, which pushed crude prices above $100/bbl," said Vinod Nair, Head of Research, Geojit Investments Limited.
"Elevated oil prices are raising concerns around inflation, currency stability, and broader macro balances, thereby weighing on overall sentiment," Nair added.
Also Read: What A US Naval Blockade Of Iran Means For Oil Flows; Which Importers Are Most Affected?
Top Gainers And Losers
From the Sensex basket, Maruti Suzuki, Bajaj Finance, Indigo, Reliance, TCS, HDFC Bank, ITC, Eternal, HCL Tech, Titan, Hindustan Unilever, Mahindra and Mahindra, Infosys, Trent, Bajaj FinServ and Adani Ports were the top losers. ICICI Bank, NTPC, and Axis Bank settled in green.
Rupee Trades Weaker
Indian currency--Rupee-- traded weaker by 0.41 per cent at 93.33, as rising crude prices continue to pressure the currency by increasing India’s import bill.
"Ongoing geopolitical tensions and risks around the Strait of Hormuz are keeping energy prices elevated, which is adding to inflation concerns and limiting rupee recovery. The overall bias remains weak, with the rupee expected to trade in a range of 92.75–94.00 in the coming session," said Jateen Trivedi of LKP Securities.