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Informist, Monday, Apr. 13, 2026

 

By Eshitva Prakash

 

MUMBAI – Benchmark indices closed lower after US President Donald Trump's decision to blockade the Strait of Hormuz sent crude oil prices soaring Monday. Oil and gas marketing companies and automobile companies were hit the hardest on concerns of higher input costs eating into their profit margins. However, there was significant buying interest in other stocks at reduced valuations as investors expect Trump to ease his stance towards Iran in the coming days, analysts said.

 

The US Navy will blockade the Strait of Hormuz from 1930 IST, after peace talks between the US and Iran failed. "This artificial curtailment of the supply of crude oil will likely lead to higher prices of the commodity for a couple of months even if in the best case, the war were to end immediately," Narendra Solanki, head fundamental research-investment services at Anand Rathi Share and Stock Brokers, said.

 

The US Central Command has said it will "not impede" ships sailing through the Strait of Hormuz to or from other countries. This clarification was issued to assure other North Atlantic Treaty Organization allies that this blockade will not hurt them substantially, an analyst said. The analyst added that the US president has diluted and rolled back his decisions several times in the last few weeks, which is why he expects investors to "continue the TACO (Trump always chickens out)" trade in the coming sessions.

 

"Market participants are perhaps not fully pricing in the full weight of a supply shock because they think that this stance (of blockading the Strait of Hormuz) is untenable for Trump," Solanki said. India's inflation is most sensitive to rise in crude oil prices, while its GDP is the second-most exposed in the Asia-Pacific region, Fitch Group unit BMI said in a report. BMI expects India's GDP growth to fall by 1.3 percentage points in the worst-case projection with crude oil at $110 a barrel, while CPI inflation is likely to rise nearly 250 basis points. At 1503 IST, the June futures contract of crude oil traded 7.8% higher at $102.59 per barrel on the Intercontinental Exchange.

  

The Nifty 50 index settled at 23842.65 points, down 207.95 points or 0.9%. The BSE Sensex ended 702.68 points or 0.9% lower at 76847.57 points. The headline indices had opened gap-down by almost 2?ch with heavy selling seen in crude-sensitive stocks. However, "traders are also buying stocks in defensive sectors to shield their portfolio against crude volatility," a technical analyst at a domestic brokerage said. The Nifty 50 ended 287 points higher than its intraday low. HDFC Life Insurance Co., ICICI Bank, and Adani Enterprises were the top three gainers, each ending over 2% higher.

Automobile stocks were the worst hit in the session, with Maruti Suzuki India and Eicher Motors shedding 4.6% and 5%, respectively. The Nifty Auto index shed over 2%, with shares of Hero MotoCorp., Ashok Leyland, and TVS Motor Co. ending 3-4% lower. In a significant development, the draft of Delhi's electric vehicle policy for years between 2026 and 2030 proposes to push electric mobility with 100% exemption of road tax and registration fee for cars priced up to INR 3 million till March 2030, while strong hybrids in the same price band getting 50% relief. Incentives for electric cars priced below INR 3 million could expand mass-market adoption, while mandatory electrification of two-wheelers, autos, and fleets would create a "structurally large replacement opportunity," ICICI Direct said. "Ather Energy's 20% sales come from Delhi, they will be the clear winner if this draft is adopted," Ravi Gupta, research associate at InCred Capital, said. Ather Energy, Olectra Greentech, JBM Auto ended 2-5% higher.

 

Shares of energy companies, particularly renewable energy producers, ended higher in a weak market as investors expect a hotter-than-usual summer this year, analysts said. NTPC ended 1.6% higher and JSW Energy, Solar Industries India, and Tata Power Co. ended 2-4% higher. Meanwhile, shares of food-related companies such as Swiggy, Eternal, and Devyani International ended 1–4% lower on expectations of supply disruption in liquefied petroleum gas hurting most restaurants. Swiggy's shares were under pressure since the market opened after the company on Friday said its co-founder, Nandan Reddy, had stepped down as whole-time director - head of innovation.

 

Shares of Jyoti CNC Automation fell almost 15?ter the company said French authorities have initiated an investigation against its subsidiary Huron Graffenstaden SAS for violating export rules. The authorities suspect the subsidiary was exporting certain machines with dual-use technology in violation of European Union laws.

 

Shares of Tata Group companies such as Tata Investment Corp. and Tata Chemicals ended higher on a renewed push to list Tata Sons, in which Tata Chemicals is a stakeholder. Vijay Singh, a trustee of Tata Trusts and former defence secretary, has called for the listing of Tata Sons on the stock exchanges through an initial public offering, after TVS Group's Venu Srinivasan publicly supported the move, The Indian Express reported.

 

Among other stocks, The New India Assurance Co., Onesource Specialty Pharma, and NTPC Green Energy rose the most among Nifty 500 companies, ending 7-10% higher. Ola Electric Mobility, Afcons Infrastructure, and Cohance Lifesciences were among the worst hit and ended nearly 5% lower. A total of 39% of stocks advanced on the National Stock Exchange. Nifty Energy rose slightly, while Nifty FMCG and Nifty Oil & Gas were the worst hit among sectoral indices, declining over 1?ch. The domestic market is closed Tuesday on account of Ambedkar Jayanti.

 

* Of the Nifty 50 stocks, 12 rose and 38 fell

* Of the Sensex stocks, 3 rose and 27 fell

* On the NSE, 1,306 stocks rose, 1,929 fell, and 90 were unchanged

* On the BSE, 1,790 stocks rose, 2,573 fell, and 213 were unchanged

* Nifty Auto: down 2.1%; Nifty Oil & Gas: down 1.4%; Nifty Energy: up 0.1%

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BSE                                               NSE

Sensex: 76847.57, down 702.68 points or 0.9%      Nifty 50: 23842.65, down 207.95 points or 0.9%

 

S&P BSE Sensitive Index	Nifty 50
Lifetime High: 86159.02 (Dec. 1, 2025)	: Lifetime High: 26373.20 (Jan. 5, 2026)
Record Close High: 85836.12 (Sept. 26, 2024)	: Record Close High: 26328.55 (Jan. 2, 2026)
2026 1st day close: 85188.60 (Jan. 1)	: 2026 1st day close: 26146.55 (Jan. 1)
2026 Closing High: 85762.01 (Jan. 2)	: 2026 Closing High: 26328.55 (Jan. 2)
2026 Closing Low: 71947.55 (Mar. 30)	: 2026 Closing Low: 22331.40 (Mar. 30)
2026 High (intraday): 85883.50 (Jan. 5)	: 2026 High (intraday): 26373.20 (Jan. 5)
2026 Low (intraday): 71545.81 (Apr. 1)	: 2026 Low (intraday): 22182.55 (Apr.2)
2025 1st day close: 78507.41 (Jan. 1)	: 2025 1st day close: 23742.90 (Jan. 1)
2025 Closing High: 85720.38 (Nov. 27)	: 2025 Closing High: 26215.55 (Nov. 27)
2025 Closing Low: 72989.93 (Mar. 4)	: 2025 Closing Low: 22082.65 (Mar. 4)
2025 High (intraday): 86159.02 (Dec. 1)	: 2025 High (intraday): 26325.80 (Dec.1)
2025 Low (intraday): 71425.01 (Apr. 7)	: 2025 Low (intraday): 21743.65 (Apr. 7)
2024 1st day close: 72271.94 (Jan. 1)	: 2024 1st day close: 21741.90 (Jan. 1)
2024 Closing High: 85836.12 (Sept. 26)	: 2024 Closing High: 26216.05 (Sept. 26)
2024 Closing Low: 70370.55 (Jan. 23)	: 2024 Closing Low: 21238.80 (Jan. 23)
2024 High (intraday): 85978.25 (Sep. 27)	: 2024 High (intraday): 26277.35 (Sept. 27)
2024 Low (intraday): 70001.60 (Jan. 24)	: 2024 Low (intraday): 21137.20 (Jan. 24)
2023 1st day close: 61167.79 (Jan. 2)	: 2023 1st day close: 18197.45 (Jan. 2)
2023 Closing High: 72410.38 (Dec. 28)	: 2023 Closing High: 21778.70 (Dec. 28)
2023 Closing Low: 59288.35 (Feb. 27)	: 2023 Closing Low: 17311.80 (Oct. 17)
2023 High (intraday): 72484.34 (Dec. 28)	: 2023 High (intraday): 21801.45 (Dec. 28)
2023 Low (intraday): 58699.20 (Jan. 30)	: 2023 Low (intraday): 17098.55 (Jan. 17)
2022 1st day close: 59183.22 (Jan. 3)	: 2022 1st day close: 17625.70 (Jan. 3)
2022 Closing High: 63284.19 (Dec. 1)	: 2022 Closing High: 18812.50 (Dec. 1)
2022 Closing Low: 51360.42 (Jun. 17)	: 2022 Closing Low: 15293.50 (Jun. 17)
2022 High (intraday): 63583.07 (Dec. 1)	: 2022 High (intraday): 18887.60 (Dec. 1)
2022 Low (intraday): 50921.22 (Jun. 17)	: 2022 Low (intraday): 15183.40 (Jun. 17)
2021 Closing High: 61305.95 (Oct. 14)	: 2021 Closing High: 18338.55 (Oct. 14)
2021 Closing Low: 46285.77 (Jan. 29)	: 2021 Closing Low: 13634.60 (Jan. 29)
2021 High (intraday): 61353.25 (Oct. 14)	: 2021 High (intraday): 18350.75 (Oct. 14)
2021 Low (intraday): 46160.46 (Jan. 29)	: 2021 Low (intraday): 13596.75 (Jan. 29)
2020 Closing High: 47751.33 (Dec. 31)	: 2020 Closing High: 13981.95 (Dec. 30)
2020 Closing Low: 25981.24 (Mar. 23)	: 2020 Closing Low: 7610.25 (Mar. 23)
2020 High (intraday): 47896.97 (Dec. 31)	: 2020 High (intraday): 14024.85 (Dec. 31)
2020 Low (intraday): 25638.90 (Mar. 24)	: 2020 Low (intraday): 7511.10 (Mar. 24)
2019 High (intraday): 41809.96 (Dec. 20)	: 2019 High (intraday): 12293.90 (Dec. 20)
2019 Low (intraday): 35287.16 (Feb. 19)	: 2019 Low (intraday): 10583.65 (Jan. 29)
2018 High (intraday): 38938.91(Aug. 28))	: 2018 High(intraday): 11760.20 (Aug. 28)
2018 Low (intraday): 32483.8 (Mar. 23)	: 2018 Low (intraday): 9951.9 (Mar. 23)
2017 High (intraday): 34005.37 (Dec. 26)	: 2017 High(intraday): 10515.10 (Dec. 26)

 

End

 

US$1 = INR 93.37

 

Edited by Ashish Shirke

 

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