Noida, Apr 13 (APAC Media): Indian stock market witnessed volatile trading on Monday, April 13, 2026, as benchmark indices Sensex and Nifty swung sharply between losses and recovery amid weak global cues and rising crude oil prices.
The Sensex opened on a weak note, falling nearly 1,400 points to touch intraday lows near 71,800 levels before recovering sharply during afternoon trade. Nifty 50 also slipped below 23,600 in early trade.
Buying interest in select banking, metal and energy stocks helped indices recover more than 600 points from their day’s low.
However, sustained selling pressure at higher levels kept overall sentiment negative. Sensex closed around 72,600, down nearly 550 points or about 0.75 percent. Nifty 50 ended near 23,850, lower by about 0.7 percent.
Market analysts said geopolitical tensions in the Middle East, particularly concerns over US-Iran developments, kept investors cautious. A sharp rise in crude oil above 100 dollars per barrel added to inflation worries and weighed on sentiment.
Foreign institutional investors were net sellers in early trade, although domestic institutional investors provided support through selective buying at lower levels. Short covering also contributed to intraday recovery.
Broader markets also mirrored benchmark trends, with midcap and smallcap indices recovering from steep losses but still closing in the red. Sectorally, metal, realty and select PSU stocks outperformed during the rebound phase.
Analysts expect near-term volatility to continue as global cues dominate market direction, with investors closely tracking crude oil movement, currency fluctuations and geopolitical updates.
Investors are advised to remain cautious in the near term as volatility is expected to remain elevated due to uncertainty in global crude oil prices and ongoing geopolitical developments.
Market experts suggest that support levels for Nifty are placed around 23,600 while resistance is seen near 24,000 to 24,200 zones. For Sensex, key support is around 72,000 levels, with resistance near 73,500. Stock-specific action is likely to dominate upcoming sessions, with earnings season also influencing sentiment across sectors today.
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