Stock Market Open Report November 13, 2026: Sensex, Nifty Decline as Inflation Weighs, Financials Drag

Mumbai, November 13:  Indian markets declined on Friday, with the Sensex down 288.93 points, or 0.35 per cent, at 81,622.08 and the Nifty 50 down 127.00 points, or 0.50 per cent, at 25,172.35 by about 9.45 am. The Nifty opened at 25,209.85, a gap-down of 89.50 points from Thursday’s close of 25,299.35. India’s inflation is weighing on investors’ minds as it breached Reserve Bank of India (RBI)’s tolerance limit.

Banks and financials led the fall, with the Nifty Bank index down 0.83 per cent at 61,007.30 and the Nifty Financial Services index down 0.89 per cent. Shriram Finance went down 2.58 per cent and featured among top Nifty 50 losers. Only 13 Nifty 50 stocks are in the green.

Retail inflation in India rose to 6.09% in October, crossing the RBI’s upper tolerance limit of 6% and giving investors a new worry. The jump, caused mainly by higher food prices, has increased the chances of tighter monetary policy and heightened concerns about household consumption. 

Oil is easing only marginally, with Brent crude at USD 95.69 a barrel, down 0.14 per cent, and West Texas Intermediate (WTI) at USD 88.34, down 0.45 per cent. Both are well above Thursday morning’s USD 91.88 and USD 85.65. 

Asian stocks are mixed, with Taiwan up 2.41 per cent, Japan’s Nikkei up 1.64 per cent and South Korea’s Kospi up 1.25 per cent, while Singapore, Hong Kong and Australia are lower. 

Wall Street ended lower on Thursday, with the Nasdaq down 0.39 per cent, the S&P 500 down 0.35 per cent and the Dow Jones down 0.36 per cent. The VIX volatility index jumped 6.92 per cent to 18.70. 

The Iran war remains unsettled, with Reuters reporting tankers still ablaze in the Strait of Hormuz and at least 10 ships hit in the first 10 days of November. The US naval blockade of Iranian ports continues. 

Top Gainers and Losers 

Apollo Hospitals Enterprise (APOLLOHOSP) led the Nifty 50 gainers, rising 1.24 per cent to a last traded price (LTP) of Rs 8,620.50 from the previous close of Rs 8,515, a gain of Rs 105.50. Dr Reddy’s Laboratories (DRREDDY) gained 0.82 per cent to Rs 1,398 from Rs 1,386.60, Sun Pharmaceutical Industries (SUNPHARMA) rose 0.66 per cent to Rs 1,897.50 from Rs 1,885, Oil and Natural Gas Corporation (ONGC) advanced 0.61 per cent to Rs 225.87 from Rs 224.50, and Tech Mahindra (TECHM) climbed 0.56 per cent to Rs 1,784 from Rs 1,774, with HCL Technologies (HCLTECH) also up 0.56 per cent at Rs 1,388.50 against Rs 1,380.80. 

On the losing side, Shriram Finance (SHRIRAMFIN) fell 2.58 per cent to an LTP of Rs 977.95 from the previous close of Rs 1,003.80, a drop of Rs 25.85, while HDFC Bank (HDFCBANK) lost 1.49 per cent to Rs 800.20 from Rs 812.30. Hindalco Industries (HINDALCO) dropped 1.39 per cent to Rs 950.60 from Rs 964, InterGlobe Aviation (INDIGO) fell 1.29 per cent to Rs 5,586.90 from Rs 5,660 and Mahindra & Mahindra (M&M) slipped 1.24 per cent to Rs 3,357 from Rs 3,399. State Bank of India (SBIN) lost 1.06 per cent to Rs 1,075 from Rs 1,086.50, Axis Bank (AXISBANK) fell 1.04 per cent to Rs 1,329 from Rs 1,342.90 and Bajaj Finance (BAJFINANCE) slipped 1 per cent to Rs 1,103.80 from Rs 1,115. 

Broad Markets and Sectoral Indices 

Among broad market indices, the Nifty Smallcap 50 rose 0.44 per cent to 10,067 from 10,023.10, the Nifty Smallcap 100 gained 0.13 per cent to 19,733.35 from 19,706.75 and the Nifty Smallcap 250 added 0.06 per cent to 18,005.35 from 17,994.50, while the Nifty 100 fell 0.44 per cent to 26,138.10 from 26,254.15, the Nifty 200 lost 0.37 per cent to 14,353.70 from 14,407.15 and the Nifty 500 slipped 0.31 per cent to 23,791.05 from 23,865.80. 

Among sectoral indices, the Nifty Healthcare gained 0.55 per cent to 17,394.50 from 17,299.60, the Nifty Pharma rose 0.52 per cent to 28,824.95 from 28,675.75 and the Nifty IT added 0.39 per cent to 32,287.40 from 32,163.55. On the weaker side, the Nifty Financial Services fell 0.89 per cent to 27,808.30 from 28,057.15, the Nifty Private Bank lost 0.85 per cent to 29,950 from 30,206.05 and the Nifty Bank slipped 0.83 per cent to 61,007.30 from 61,518.50, below its 52-week high of 61,764.85. India VIX, the fear gauge, eased 1.30 per cent to 16.40. 

Oil Prices 

Brent crude slipped USD 0.13, or 0.14 per cent, to USD 95.69 a barrel, while West Texas Intermediate (WTI) fell USD 0.40, or 0.45 per cent, to USD 88.34. Both are well above Thursday morning’s levels of USD 91.88 and USD 85.65, which means oil rebounded sharply after the Indian session on Thursday. Murban crude was quoted at USD 93.47 on November 12, up USD 1.53, or 1.66 per cent, while WTI Midland lost 0.77 per cent to USD 88.65 and the OPEC basket rose 0.88 per cent to USD 86.78. Natural gas gained 0.09 per cent to USD 3.343, while gasoline eased 0.56 per cent to USD 2.656 and heating oil slipped 0.20 per cent to USD 4.278. 

Asian Markets 

Asian stocks were mixed on Friday morning, with Taiwan up 2.41 per cent at 44,131.74, Japan’s Nikkei up 1.64 per cent at 61,816.72 and South Korea’s Kospi up 1.25 per cent at 5,409.59. Shanghai added 0.28 per cent to 3,665.89 and Malaysia was flat at 1,586.09, while Thailand’s SET was unchanged at 1,499.06. Hong Kong’s Hang Seng fell 0.62 per cent to 23,859.12, Singapore’s Straits Times dropped 0.81 per cent to 5,240.05, Australia’s ASX 200 lost 0.78 per cent to 9,075.30, New Zealand’s NZX 50 eased 0.53 per cent to 14,183.06, Shenzhen slipped 0.40 per cent and the SGX-CNBC China Growth index lost 1.33 per cent to 1,333.74. 

US Markets 

US stocks ended lower on Thursday, with the Nasdaq Composite down 100.10 points, or 0.39 per cent, at 25,366.09 and the S&P 500 down 26.98 points, or 0.35 per cent, at 7,592.40. The Dow Jones Industrial Average fell 189.40 points, or 0.36 per cent, to 52,297.09, while the Nasdaq 100 lost 0.30 per cent and the Russell 2000 small-cap index dropped 1.66 per cent. The NYSE Composite declined 0.74 per cent, transport stocks fell 0.58 per cent and the VIX volatility index jumped 6.92 per cent to 18.70. 

Middle East Conflict 

Tankers are still burning in the Strait of Hormuz despite expectations of de-escalation, with the UK Maritime Trade Operations agency reporting another incident on Wednesday and Iran saying a tanker caught fire after hitting a mine, Reuters reported. At least 10 ships were hit in the first 10 days of November, after 37 attacks in October, the highest monthly tally since the conflict began, according to the Washington Institute for Near East Policy. US forces continue to enforce a naval blockade of Iranian ports, and the Iran-backed Houthis struck the offices of Saudi Aramco in Riyadh on November 8, causing limited damage and no injuries. The International Maritime Organization has confirmed 133 incidents in the region since late February, most of them attacks, with at least 25 seafarers killed. 

Thursday’s Close 

Indian equity benchmarks ended marginally higher on Thursday after a volatile session, with the Sensex up 31.61 points, or 0.04 per cent, at 81,911.01 and the Nifty 50 up 44.30 points, or 0.18 per cent, at 25,299.35, as profit booking in heavyweights and elevated US bond yields capped gains. Breadth was positive, with 2,377 shares advancing, 1,878 declining and 195 unchanged, while the Nifty Midcap index rose 0.9 per cent and the Nifty Smallcap index gained 1.1 per cent. The Nifty Realty index jumped 3.7 per cent, the Nifty Media index rose 2.4 per cent and the Nifty PSU Bank index gained 1.4 per cent, while the Nifty Auto index fell 1 per cent and the Nifty Pharma index lost 0.57 per cent. Foreign portfolio investors bought Indian equities worth Rs 12,563 crore on Wednesday, taking November net purchases to USD 6.43 billion, the strongest monthly buying since September 2024, while the rupee weakened 34 paise to 94.03 against the dollar. 

Sources

• NSE data
• BSE data
• CNBC
• OilPrice.com
• Reuters