Nifty below 23,850, Sensex fall 703 pts amid geopolitical jitters

The domestic share market indices traded lower on Monday with Nifty below 23,850, following the recent talks between the US and Iran failed without a deal.At close, the Sensex was down 702.68 points or 0.91 percent at 76,847.57, and the Nifty was down 207.95 points or 0.86 percent at 23,842.65.
HDFC Life, Adani Enterprises, ICICI Bank, NTPC, Tata Motors Passenger Vehicles were the top gainers on the Nifty, while losers included Maruti Suzuki, Eicher Motors, Reliance Industries, Bajaj Finance, Interglobe Aviation.On the sectoral front, except power, defence, telecom, all other sectors ended in the red with FMCG, auto, IT, energy, oil & gas down 1% each.Nifty Midcap and Smallcap indices shed 0.5% each.
The market will remain shut on April 14 (Tuesday) on account of Dr. Baba Saheb Ambedkar Jayanti.
Rupee Close:
On 13 Apr'26,the Indian rupee ended 65 paise lower to close at 93.38 against the US dollar on Monday
Trading Guide:
Vinod Nair, Head of Research, Geojit Investments stated, markets continue to derive limited support from last week’s ceasefire framework, which remains intact for now and is encouraging selective buying interest along with a buy-on-dips approach. This comes despite an initial negative reaction to the breakdown of US–Iran peace talks and the announcement of a US naval blockade in the Strait of Hormuz, which pushed crude prices above $100/bbl. Elevated oil prices are raising concerns around inflation, currency stability, and broader macro balances, thereby weighing on overall sentiment.On the domestic front, the Q4 earnings season is now underway, leading to stock-specific activity, although overall risk appetite remains cautious amid global uncertainty. While the immediate impact on Q4 earnings is expected to be manageable, prolonged Middle East tensions could have more meaningful implications for Q1FY27. Volatility is likely to remain elevated, with markets closely tracking geopolitical developments alongside earnings quality and management commentary.
Market experts recommended five shares to buy on Monday-Jindal Stainless, Ramkrishna Forgings, NCC, Brigade Enterprises Limited, and Federal Bank.

(Business Correspondent)