By Dalal Street Investment Journal (DSIJ)
After ending last week with a historic rally, in which the Nifty 50 posted its sharpest single-week gain since 2021, Indian markets may open weak on Monday, April 13. Sentiment remains cautious amid global uncertainty following the failure of US-Iran talks and a rise in crude oil prices. GIFT Nifty points to a gap-down opening of over 300 points, while stock-specific action is likely in M&M, L&T, Muthoot Finance, and others.
The Indian benchmark indices, Sensex and Nifty 50, are likely to open on a weak note on Monday, tracking fragile global cues after the US-Iran ceasefire talks collapsed and crude oil prices surged above $100, raising concerns that the Middle East conflict may persist longer than anticipated.
Asian markets declined, while US stock futures also traded lower after the US announced a blockade of the Strait of Hormuz, fueling fears of a potential global energy crisis.
As of 7:29 am, GIFT Nifty hovered around 23,776, up by 315 points from the previous close of Nifty futures, indicating a positive start for Indian equity benchmarks.
Talks between the United States and Iran held in Pakistan ended without any agreement, with a senior Iranian official blaming “excessive demands” from the US side. Following the failed negotiations over Iran’s nuclear program, US President Donald Trump has ordered a naval blockade of the Strait of Hormuz, further escalating tensions.
Strait of Hormuz Blockade
The US Central Command (CENTCOM) announced that the blockade will come into effect from 10 a.m. New York time on Monday. It will target only vessels heading to or departing from Iranian ports, while ships traveling between non-Iranian ports will still be allowed to pass through the Strait.
US consumer prices saw their sharpest rise in nearly four years in March. The Consumer Price Index (CPI) increased by 0.9% during the month, taking the annual inflation rate to 3.3%, compared to 2.4% in February.
Japan’s government bond yields surged to multi-decade highs, with the 10-year benchmark yield rising 5.5 basis points to 2.49%—its highest level since June 1997. Meanwhile, the five-year yield climbed 4 basis points to a record 1.90%.
Oil prices rallied sharply after the breakdown in US-Iran talks and the announcement of the naval blockade. Brent crude surged 7.05% to $101.91 per barrel, while US West Texas Intermediate (WTI) rose 7.86% to $104.16 per barrel.
From a derivatives perspective, the Put-Call Ratio (PCR) stands at 1.17. On the Put (PE), significant open interest is concentrated at 23,500, suggesting that the levels are strong supports.
On the Call (CE) side, in the last trading session, significant open interest was concentrated at 24,500, suggesting that the levels are strong resistance.
Technical Nifty Support and Resistance Level for Nifty on April 10:
The GIFT Nifty indicates that the index might open lower with a gap down of over 300 points, in this case the Thursday low of 23,683 is likely to act as a support level. On the upside, the level of 23,880-24,000 is likely to act resistance.
Stocks to Watch on Monday, April 13: ICICI AMC, Just Dial, Mahindra & Mahindra, Muthoot Finance, Larsen & Toubro, Coforge, and Others
The stock-specific actions are likely to continue, and here is the list of stocks to watch out for on Monday, April 13, 2026.
Company | Key Update |
ICICI AMC and Just Dial | To announce their quarterly (Q4FY26) and full financial year (FY26) earnings on April 13 |
Muthoot Finance | Declared an interim dividend of ₹30 per share |
Shriram Finance | Received NSE & BSE listing approval for 47 crore MUFG shares; listing on April 13 with lock-in till Oct 13, 2026 |
Mahindra & Mahindra | Arms to sell entire 99.04% stake in Erkunt Foundry |
Amber Enterprises | Acquired 50% stake in Amber Resojet for ₹1.7 crore |
Avenue Supermarts | Allotted commercial paper worth ₹500 crore |
Larsen & Toubro | Realty arm acquired 100% stake in Intl Green Spaces for ₹1,123 crore |
Gujarat State Petronet | Received revised income-tax order; assessed income reduced to ₹1,435 crore from ₹1,683 crore |
Coforge | Got exchange approval for preferential allotment of 9.3 crore shares at ₹1,815.91/share for Encora acquisition |
Lupin | Launched Dapagliflozin Tablets in the US market |
PC Jeweller | Raised ₹447.6 crore via warrant conversion; allotted 106.2 crore shares, raising paid-up capital to ₹971.05 crore |
For today, Sammaan Capital and SAIL will remain on the F&O ban list.
On April 13, Foreign Institutional Investors (FIIs) were net buyers, having bought equities worth ₹672.09 crore. Domestic Institutional Investors (DIIs), on the other hand, also bought shares totalling ₹410.05 crore during the same session.
FIIs have emerged as net buyers after snapping the selling streak of the last 27 consecutive trading sessions.
On Friday, India's main stock indexes snapped a six-week losing streak on Friday, posting their biggest weekly gain in over five years, as investors took comfort from a fragile US-Iran ceasefire.
The Nifty 50 climbed 1.16% to 24,050.6 and the Sensex added 1.2% to 77,550.25, rising nearly 6%, for the week.
Wall Street ended the latest session on a mixed note, with the Dow Jones falling 0.56% to 47,916.57 and the S&P 500 slipping 0.11% to 6,816.89, while the Nasdaq gained 0.35% to close at 22,902.89.
Despite the muted daily performance, US markets posted strong weekly gains, with all three major indices rising over 3%, supported by optimism after a fragile truce between the United States and Iran ahead of ceasefire talks in Pakistan. Meanwhile, oil prices declined sharply, tumbling nearly 13% during the week.
On the macro front, US inflation saw a sharp rise in March, driven by the biggest monthly surge in gas prices in six decades, although the increase was slightly lower than economists’ expectations. Treasury yields also moved higher.
However, uncertainty persists as talks between the US and Iran failed to reach a concrete agreement on ending the conflict and reopening the Strait of Hormuz.
Gold and silver rates today tumbled amid rising inflation worries, as US-Iran war ceasefire talks ended with no deal and US plans to blockade the Strait of Hormuz intensified fears of a global energy supply shock.
Spot gold rate today dropped by up to 0.43%, slipping below $4,750 an ounce and erasing the gains from the previous week. Meanwhile, spot silver prices slid 1.89% to $74.4 per ounce, during the Asian trading hours on Monday, April 13.
SEBI Registered Research Analyst (INH000006396).
Founded in 1986, Dalal Street Investment Journal (DSIJ) brings decades of experience in India’s equity markets. DSIJ's research combines fundamental analysis with price action, guided by disciplined risk management and capital preservation. They follow a structured, data-driven approach designed to help investors and traders make informed decisions beyond short-term market noise.
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