Prime End of the Day Summary: View on Market Performance 13 April 2026

Nifty Dips 230 Points Amid Weak Global Cues and Crude Surge

Nifty shed over 200 points, weighed down by souring global sentiment and a spike in crude oil prices, closing 230 points lower at 23,842. It opened 460 points lower after a breakdown in US Iran talks, but buyers stepped in at lower levels, driving a 300-point recovery from the day’s lows to end near the high.

HDFC Life, Adani Enterprises, and ICICI Bank emerged as the top gainers within the Nifty 50. On the flip side, Eicher Motors, Maruti, and Bajaj Finance bore the brunt of the selling pressure, ending the day as the top laggards.

Despite the sharp rebound from morning lows, all sectoral indices closed lower, with Nifty Auto, Oil & Gas, and FMCG suffering the steepest drops. Nifty Midcap 100 slipped 0.57%, while Nifty Smallcap 100 lost 0.46%. BSE’s advance-decline ratio dipped below 1 for the first time in seven sessions, signaling a bout of profit-booking in mid and smaller-cap stocks.

The rupee weakened for a third straight session, depreciating 65 paise to 93.38, its sharpest drop in two weeks. This weakness is directly linked to surging crude oil prices following President Trump’s order to blockade the Strait of Hormuz. All eyes are on the 10:00 AM EST window for potential U.S. Military movement following failed diplomatic talks.

Nifty found support at its 20-day EMA, rebounding over 300 points from the low, signaling underlying resilience. The short-term trend remains positive as the index continues to trade above its 5, 11, and 20-day EMAs.

Nifty took support at 20-day EMA and recovered more than 300 points from the low, suggesting strength. Short term trend of the Nifty remains strong, as It is closed above its 5 and 20 day EMA. Today’s swing low at 23,555 is likely to act as a strong support, while 24,000-24,075 band poses near-term resistance