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Trendlyne Marketwatch
13 Apr 2026
Market closes lower after US-Iran ceasefire talks fall through
By Trendlyne Analysis

 

Nifty 50 closed at 23,842.65 (-208.0, -0.9%), BSE Sensex closed at 76,847.57 (-702.7, -0.9%) while the broader Nifty 500 closed at 22,179.05 (-167.7, -0.8%). Market breadth is in the red. Of the 2,769 stocks traded today, 1,122 were on the uptick, and 1,598 were down.

Indian indices closed in the red after the US and Iran failed to reach an agreement during ceasefire talks in Pakistan over the weekend. The Indian volatility index, Nifty VIX, rose 8.4% and closed at 20.4 points. Indian OMCs, including IOC and BPCL, came under pressure as the government sharply raised windfall taxes on fuel exports, while rising crude oil prices hurt sentiment. The Finance Ministry increased the tax on export-bound diesel by over 158% and on ATF by 42%.

Nifty Midcap 100 and Nifty Smallcap 100 closed in the red, following the benchmark index. S&P BSE Utilities and BSE Power were among the top index gainers today. According to Trendlyne’s Sector dashboard, Hardware Technology & Equipment emerged as the best-performing sector of the day, with a rise of 2.6%.

Asian indices closed mixed, while European indices are trading lower. US index futures traded in the red after President Donald Trump ordered a full blockade of the Strait of Hormuz from Monday morning, following failed US-Iran ceasefire talks over the weekend. Crude oil prices surged, with Brent climbing back above $100 a barrel, keeping markets wary of renewed energy-driven inflation in the months ahead.

  • Money flow index (MFI) indicates that stocks like Data Infrastructure Trust, Sundram Fasteners and JSW Holdings are in the oversold zone.

  • NBCC (India) signs two memorandums of understanding (MoUs) with Housing and Urban Development Corp (HUDCO). Under the first MoU, HUDCO will provide funds for NBCC's ongoing and future projects, while under the second MoU, the companies will jointly redevelop the August Kranti Bhawan.

  • Axis Direct retains its 'Buy' call on Tata Consultancy Services, with a target price of Rs 3,155 per share. This indicates a potential upside of 27.3%. The brokerage remains confident on the stock, driven by its competitive pricing, investments in AI infrastructure (HyperVault) and acquisitions. It expects the firm to deliver a revenue CAGR of 8.7% over FY27-28.

  • Nitco rises as it reportedly plans to sell a land parcel in Alibaug to the House of Abhinandan Lodha (HOABL). The deal includes a joint development agreement, with revenue potential estimated at up to Rs 6,000 crore.

  • Nuvama Institutional Equities maintains a positive view on India’s defence sector, citing strong order visibility and continued capex, while noting a shift that favours select players. It prefers BEL, Data Patterns and Solar Industries, and remains cautious on HAL and Bharat Dynamics due to execution-related growth concerns.

  • Advait Energy soars to its 5-year high of Rs 1,986.9 per share as it emerges as the L-1 bidder to supply 11 KV transmission lines.

  • Ather Energy is rising sharply as the Delhi Government proposes its EV Policy 2026, mandating only EV two-wheelers can be registered from FY29 onwards. The policy proposes a subsidy up to Rs 30,000 in the first year of the policy.

  • Puravankara surges as its sales grow 190% YoY to Rs 3,547 crore in Q4FY26. The company's collections from the real estate business jump 36% to Rs 1,213 crore during the quarter.

  • Food delivery and restaurant companies such as Swiggy and Eternal decline amid renewed West Asia tensions and uncertainty over the Strait of Hormuz after inconclusive Iran-US talks, which pushed crude oil prices higher. Rising fuel costs are likely to increase logistics and delivery expenses, while higher input costs for restaurants may pressure margins and weigh on related stocks.

  • Tata Investment Corp and Tata Chemicals are soaring as the initial public offering (IPO) of Tata Sons reportedly gets backing from key trustees. Both companies have stakes in Tata Sons.

  • General Insurance Corp of India is falling as it receives a tax demand worth Rs 350.5 crore from the Income Tax (IT) Department for FY24.

  • ISGEC Heavy Engineering is rising as it receives approval from the Commission for Air Quality Management (CAQM) to resume full operations at its Nara manufacturing unit in Muzaffarnagar. The regulator had earlier ordered a shutdown due to air quality concerns. The facility produces high-quality steel castings and contributes about 3.5% of the company’s standalone revenue.

  • Nuvama Institutional Equities highlights that the domestic pharma market grew in March 2026 after a prolonged slowdown, aided by a favourable base, steady price gains, and new launches (especially in anti-diabetic drugs). Although volumes stay modest, pressure from trade generics and private labels persists.

  • ICICI Securities initiates coverage on Sumitomo Chemicals, with a target price of Rs 515 per share. This indicates a potential upside of 21.7%. The brokerage is positive on the stock, driven by its aggressive capex plans, product launches, and strong agriculture demand in India. It expects the firm to deliver a revenue CAGR of 12% over FY26-28.

  • Aster DM Healthcare invests Rs 96 crore to expand bed capacity at its Women & Children facility at Aster Whitefield Hospital in Bengaluru to 539 from 380 beds.

  • Jyoti CNC Automation plunges over 13% as the French authorities investigate its subsidiary, Huron Graffenstaden SAS, over alleged violation of European Union (EU) Laws by exporting dual-use technologies.

  • Crude oil prices for both Brent and WTI climb above $100 per barrel after extended US-Iran talks collapsed, heightening tensions around the Strait of Hormuz. The US Central Command announced it will begin blocking vessels entering and exiting the strait from Monday, while allowing ships bound for non-Iranian ports to pass.

  • Jash Engineering is falling as its FY26 revenue remains flat at Rs 736 crore due to the US tariffs and delays in exports caused by the US-Iran war. The company also postpones building its manufacturing facilities in the US and Saudi Arabia.

  • Embassy Developments plunges to its 5% lower circuit as its subsidiary, Ceres Estate, enters an agreement to sell a 100% stake in Sepset Real Estate to Pen India for Rs 100 crore.

  • Enviro Infra Engineers rises sharply as it receives two projects worth Rs 972.2 crore from the Swachh Maharashtra Mission Directorate. The orders involve building sewage treatment plants and related pipeline networks in Pune and Nashik, with a total capacity of over 240 MLD. The Pune project is valued at Rs 587.2 crore, while the Nashik project is worth Rs 385 crore.

  • Oil marketing companies, including IOC, BPCL & HPCL face significant pressure after the government sharply increase windfall taxes on fuel exports, while rising global crude oil prices further weigh on investor sentiment. On Saturday, the Finance Ministry raised the windfall tax on export-bound diesel by more than 158% and on aviation turbine fuel (ATF) by 42%, effective immediately. This is the first revision since the levy was reinstated on March 26.

  • Astrazeneca Pharma is rising as it receives approval from the Central Drugs Standard Control Organisation (CDSCO) to market Acalabrutinib tablets in India. The drug is used to treat leukaemia & lymphoma, and had an estimated market size of $3.8 billion in 2025.

  • Mahanagar Gas' board of directors appoints Praveer Kumar Srivastava as the Managing Director for the next five years, effective April 30, succeeding Ashu Shinghal.

  • GHV Infra Projects is rising as it receives an order worth Rs 1,250 crore from Apco Infratech. The contract covers design, construction, material supply, and maintenance for expressway connectors from Jalna to Nanded, Maharashtra.

  • Larsen & Toubro's subsidiary, L&T Realty Properties, plans to acquire International Green Scapes (IGSL) for Rs 1,123 crore to strengthen its residential real estate portfolio, especially in Gurugram.

  • Nifty 50 was trading at 23,580.35 (-470.3, -2.0%), BSE Sensex was trading at 75,930.04 (-1620.2, -2.1%), while the broader Nifty 500 was trading at 21,920.95 (-425.8, -1.9%).

  • Market breadth is moving down. Of the 2,419 stocks traded today, 275 were in the positive territory and 2,104 were negative.

Riding High:

Largecap and midcap gainers today include NTPC Green Energy Ltd. (104.23, 7.3%), Thermax Ltd. (3,870.80, 6.3%) and JSW Energy Ltd. (509.60, 4.2%).

Downers:

Largecap and midcap losers today include Eicher Motors Ltd. (7,050, -5.0%), Cholamandalam Investment & Finance Company Ltd. (1,507.20, -4.7%) and Maruti Suzuki India Ltd. (13,076, -4.6%).

Volume Shockers

16 stocks in BSE 500 are trading on high volumes today.

Top high volume gainers on BSE included Kirloskar Brothers Ltd. (1,757.20, 10.6%), OneSource Specialty Pharma Ltd. (1,545.10, 7.4%) and NTPC Green Energy Ltd. (104.23, 7.3%).

Top high volume losers on BSE were Jyoti CNC Automation Ltd. (698.95, -14.7%), Embassy Developments Ltd. (50.21, -5%) and APL Apollo Tubes Ltd. (1,979.80, -4.1%).

Tata Investment Corporation Ltd. (713.20, 7.1%) was trading at 13.3 times of weekly average. Sarda Energy & Minerals Ltd. (579, 4.4%) and Tata Chemicals Ltd. (717.60, 4.0%) were trading with volumes 11.5 and 11.2 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

11 stocks made 52 week highs, while 2 stocks were underachievers and hit their 52 week lows.

Stocks touching their year highs included - Adani Power Ltd. (181.35, 3.2%), Adani Energy Solutions Ltd. (1,175.30, 1.5%) and Multi Commodity Exchange of India Ltd. (2,765.60, 3.6%).

Stocks making new 52 weeks lows included - Abbott India Ltd. (25,700, -0.3%) and Patanjali Foods Ltd. (460.10, -1.6%).

6 stocks climbed above their 200 day SMA including Kirloskar Brothers Ltd. (1,757.20, 10.6%) and The New India Assurance Company Ltd. (171.67, 10.3%). 25 stocks slipped below their 200 SMA including Ola Electric Mobility Ltd. (38.27, -6.4%) and Hero MotoCorp Ltd. (5,247, -4.0%).

 
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