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Informist, Monday, Apr. 13, 2026                                      Tel +91 (22) 6985-4000

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Equity Alert: Market sharply down; crude oil prices up as US-Iran talks fail

 

MUMBAI--0945 IST--Domestic headline indices fell sharply Monday as crude oil prices rose above $100 per barrel again after peace talks between the US and Iran held over the weekend failed, and US President Donald Trump said the US Navy would close off the Strait of Hormuz. At 0947 IST, the June futures contract of Brent crude oil was up over 7% at $102.22 per barrel.

 

"The Blockade will begin shortly. Other Countries will be involved with this Blockade. Iran will not be allowed to profit off this Illegal Act of EXTORTION," Trump said in a post on Truth Social. The US Central Command said it will begin blocking all maritime traffic in and out of Iran's ports at 1930 IST Monday.

 

"Rupee might come under renewed pressure in the new unfavourable scenario. The mild FPI buying witnessed last Friday is again likely to reverse further impacting sentiments," V.K. Vijayakumar, chief investment strategist at Geojit Investments, said in a note.

 

At 0921 IST, the Nifty 50 was at 23576.30, down 474.30 points or 2%. The BSE Sensex was at 75935.73, down 1614.52 points or over 2%. Barring three, all other Nifty 50 constituents were in the red.

 

Broader market indices were also down almost 2%. The volatility index, India VIX, surged over 13%, indicating rise in nervousness among investors. All the sectoral indices also logged sharp losses in early trade. The Nifty PSU Bank fell the most among its sectoral peers. It was down over 3%. Banking and financial services indices were down over 2%.

 

Oil exploration companies Oil and Natural Gas Corp. and Oil India opened higher but shed their gains later. They were down 0.5-1.7%.

 

InterGlobe Aviation was the biggest laggard among the Nifty 50 constituents. The stock was down over 3%. Most automobile stocks were in the negative territory, pulling the index down. Eicher Motors, down over 3%, was the second biggest loser in the index. Maruti Suzuki India was down around 3%. The Nifty Auto index was down around 2%.

 

An around 3?ll in index heavyweight HDFC Bank also weighed on the Nifty 50. State Bank of India was also down nearly 3%. Financial services stocks such as Jio Financial Services, Shriram Finance, Bajaj Finance, and Bajaj Finserv were down nearly 3?ch.

 

Among the Nifty 200 companies, Adani Power was the top gainer, up nearly 2%. Shares of white goods makers Blue Star and Voltas were up nearly 1%. Hindustan Petroleum Corp. was the biggest loser among the Nifty 200 constituents. It was down over 4%.

 

Tata Chemicals was the top Nifty 500 gainer. It was up over 11%. Zydus Lifesciences followed with a gain of over 6%. Among the Nifty 500 losers, Jyoti CNC Automation was the key laggard. It was down over 14% as French authorities have initiated an investigation against the company's subsidiary for violating export rules.  (Arundathi A R)

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Equity Alert: Asia mkts dn; oil up as US threatens Strait of Hormuz blockade

 

MUMBAI--0835 IST--Equity markets in Asia fell Monday after peace talks between the US and Iran over the weekend failed and the US President Donald Trump said the US military will start blockading ships trying to pass through the Strait of Hormuz. Traders who paid a toll to Iran to use the Strait will be prohibited, Trump said in a post on Truth Social. Brent crude oil futures surged by almost 7% to over $101 per barrel. Among the key indices in Asia, Hong Kong's Hang Seng index and South Korea's Kospi fell the most, over 1?ch during early trade.

 

"I have also instructed our Navy to seek and interdict every vessel in International Waters that has paid a toll to Iran. No one who pays an illegal toll will have safe passage on the high seas. We will also begin destroying the mines the Iranians laid in the Straits," Trump said in the post. Over the weekend, US and Iran failed to reach a deal. US Vice-President JD Vance said Iran did not agree on not building nuclear weapons. "Enjoy the current pump figures. With the so-called ‘blockade', Soon you'll be nostalgic for $4–$5 gas," Iran's Parliamentary Speaker Mohammad Bagher Ghalibaf posted on his social media account Monday.

 

In South Korea, the benchmark KOSPI fell over 1%. Shares of heavyweights Samsung Electronics Co. and LG Energy Solution fell over 2?ch during early trade. In Japan, both the benchmark indices, the Nikkei 225 and the TOPIX declined.

 

"What we want is for negotiations to resume. We want to see an end to the loss of life and the loss of infrastructure...in the Middle East. And we want to see trade resume," Australia's Prime Minister Anthony Albanese said in an interview, according to The Guardian. Albanese said they have not been asked to participate in the blockade of the Strait of Hormuz. Australia's S&P ASX 200 fell 0.5% during the trading session so far.

 

Following were the levels of major Asian indices at 0814 IST:

 

Index	Level	Change in %
CSI 300 Index	4640.7345	0.09
Hang Seng Index	25593.02	(-)1.16
Nikkei 225 Day	56398.80	(-)0.92
TOPIX FIRST SECTION	3722.80	(-)0.46
KOSPI	5784.13	(-)1.28
FTSE Singapore Strait Times	4973.92	(-)0.31
S&P/ASX 200 INDEX	8921.30	(-)0.44

 

(Ruchira Kagita)

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Equity Alert: Indices may open sharply down as oil up as US-Iran talks fail

 

MUMBAI--0811 IST--Benchmark indices are expected to open sharply lower as crude oil prices jumped above $100 per barrel after peace talks between the US and Iran failed over the weekend and the US navy moved to blockade the Strait of Hormuz. US President Donald Trump and his advisers are also considering resuming limited military strikes on Iran, The Wall Street Journal reported, citing people familiar with the matter. On Monday, the June futures contract of Brent Crude rose above the $100 per barrel mark on the Intercontinental Exchange for the first time in four sessions.

 

Trump Sunday said the US Navy will start blockading any and all ships trying to enter, or leave, the Strait of Hormuz. "The Blockade will begin shortly. Other Countries will be involved with this Blockade. Iran will not be allowed to profit off this Illegal Act of EXTORTION," he said in a post on Truth Social. Meanwhile, the US Central Command said it will begin blocking all maritime traffic in and out of Iran's ports at 1930 IST Monday. The measure would be applied impartially to ships from all countries, while still permitting vessels travelling between non-Iranian ports to pass through the Strait, according to a statement by the Central Command on X.

 

Talks between the US and Iran failed to reach a deal to end the war, jeopardising a fragile two-week ceasefire agreed between the two warring parties last week. US Vice President J.D. Vance blamed the collapse of peace talks on Tehran's refusal to abandon its nuclear weapons programme, while Iranian sources hit back at "excessive" demands from Washington. Iran's Foreign Minister Abbas Araghchi accused the US of "shifting goalposts" when the two sides were "inches away" from an agreement in the talks in Islamabad.

 

The April futures contract indicates a gap down open for the Nifty 50 index. At 0806 IST, the contract traded at 23752.50 points, a discount of around 300 points from Nifty 50's previous close. "On the level front, 23680-23650 zone will act as immediate support on the down side, a sustained trading below the same might drag it (Nifty 50 index) towards 23500 spot levels. On the higher side, 24100-24200 will act as an immediate intraday resistance," Vipin Kumaar, senior technical and derivatives analyst at Globe Capital Market, said. (Arya S. Biju)

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Equity Alert: US futures dn 1% as Trump threatens to block Strait of Hormuz

 

MUMBAI--0749 IST--The Wall Street is likely to open significantly lower Monday after US President Donald Trump said the American military will start blockading ships trying to pass through the Strait of Hormuz. "Effective immediately, the United States Navy, the Finest in the World, will begin the process of BLOCKADING any and all Ships trying to enter, or leave, the Strait of Hormuz," Trump said on a social media post on Truth Social after peace talks with Iran failed over the weekend. At 0725 IST, the E-Mini Dow futures fell around 1%. Brent crude oil June futures rose nearly 7% and hovered near $102 per barrel.  

 

"The new blockade statement is an overt signal to equity markets that the Iranian conflict remains uncertain," Jeff Kilburg, the chief executive officer of KKM Financial, was quoted as saying by CNBC. Trump also said that traders who paid a toll to Iran to pass through the waterway will be not be allowed to do so.

As of Friday, all major indices of the Wall Street posted their second consecutive week of gains amid hopes of some relief from the US-Iran conflict. But the weekend kicked in with more bad news. Negotiatiors from the US and Iran met in Islamabad for peace talks, but they failed to reach an agreement and that prompted Trump to announce the blockade of the Strait. The US wants Iran to give up plans of making a nuclear weapon but they failed to reach an agreement on that, US Vice-President J. D. Vance said on Sunday.

 

Friday, the blue-chip Dow Jones and the S&P 500 ended the week around 3% higher each, while the NASDAQ Composite outperformed and closed the week with over 4% gains. Trading in the futures contract suggests indices might lose some of these gains on Monday.

 

On the macroeconomic front, the US Consumer Price Index rose 0.9% on month in March and 3.3% on year. This was the highest monthly surge since January 2022, driven by a 10.9% year-on-year increase in energy prices as gasoline costs were up 21% on year in March. In February, headline inflation was up 0.3% on month and 2.4% on year.

 

The core CPI, which excludes food and energy items, was up 2.6% on year in March. Considering the core inflation data, the US Federal Reserve is unlikely to change its stance in the near term, Bank of America Research said in a report. 

 

Following are the closing levels of US indices Friday:

 

Index	Level	Change in %
S&P 500	6816.89	(-)0.11
NASDAQ Composite	22902.894	0.35
Dow Jones Industrial Average	47916.57	(-)0.56

 

(Ruchira Kagita)

 

US$1 = INR 93.38

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Ashish Shirke

 

All prices from National Stock Exchange, unless otherwise specified.

All percentage changes for share prices are rounded off to the nearest whole number; percentage changes for index values are rounded off to one decimal place.

All times are Indian Standard Time.

 

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