Noida, May 13 (APAC Media): Sensex and Nifty closed a volatile session on a mildly positive note on Wednesday, May 13, 2026, as benchmark indices recovered from early losses to close higher, aided by selective buying in metal and energy shares.
However, sentiment remained cautious amid global uncertainty and continued foreign fund outflows.
The Sensex closed with modest gains, hovering near the 74,600–74,800 range, while the Nifty 50 managed to sustain above the 23,400 mark. Trading throughout the day remained choppy, with frequent swings between gains and losses as investors reacted to mixed global cues.
Early trade saw selling pressure across IT and financial counters, dragging the indices lower.
However, buying interest gradually emerged in heavyweight stocks from the metals, oil & gas, and chemical sectors, helping the market recover in the second half of the session. Broader markets showed relative strength, with mid-cap and small-cap indices outperforming large-cap peers.
The Ministry of Finance has revised customs duty rates for precious metals and related findings through Notification 16/2026-Customs, effective May 13, 2026.
Among key factors influencing today’s market movement were elevated crude oil prices, which continued to raise concerns over inflationary pressures.
Additionally, the Indian rupee remained under pressure near record lows, contributing to cautious sentiment among foreign investors. Continuous foreign institutional investor (FII) outflows also weighed on market direction, limiting upside momentum.
On the global front, ongoing geopolitical tensions and uncertainty around economic growth in major economies kept risk appetite subdued. Asian and European markets showed mixed trends, further adding to volatility in domestic equities.
Sector-wise, metal stocks emerged as top performers, benefiting from firm global commodity prices. Oil and gas stocks also witnessed selective buying. On the other hand, IT and banking sectors remained under pressure, limiting broader market gains.
Despite today’s recovery, analysts noted that the market is still facing resistance after recent losses, and volatility is expected to persist in the near term. Investors are likely to track crude oil movements, global cues, and foreign fund flows for further direction.
Market experts suggest that while short-term trends remain uncertain, long-term fundamentals of Indian equities continue to stay strong, supported by domestic consumption and steady corporate earnings growth.
Disclaimer:
Gold prices and rates are for informational purposes only. APAC Media is not liable for any discrepancies or financial decisions made based on this data. Please consult an authorised advisor before making investment choices.
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