US-Iran Talks Fail, Retail Inflation at 3.4%, Markets Trim Losses
- Share.Market
- 10 min read
- 13 Apr 2026
Here’s a quick wrap-up where we break down the performance of key indices, top corporate movers, and the major economic headlines of the day.
Indian equity benchmark indices closed in the red on Monday, as the failure of US–Iran ceasefire talks triggered a “risk-off” sentiment globally. The Nifty 50 and Sensex both slumped nearly 2% during early trades, but trimmed losses, though still in the red.
Crude oil prices skyrocketed toward $103 per barrel. The Indian rupee weakened significantly, crossing the ₹93 mark against the US Dollar. Meanwhile, safe-haven assets Gold and Silver also traded slightly lower as investors shifted focus to surging energy costs and potential inflationary spikes.
All sectors saw declines, led by consumer discretionary, financials and tech companies. Auto stocks were the worst hit, with Maruti Suzuki falling 4.6% on higher oil prices and reports of Delhi’s draft EV policy proposing broad exemptions to curb air pollution.
Key Indices
Today’s Top News from the Indian Share Market
PURVAPuravankara reported a near three-fold jump in its sales at ₹3,547 crore for the fourth quarter ended March 31, 2026 (Q4FY26) as compared to ₹1,225 crore in the same quarter last year. It has recorded total sales of ₹7,407 crore in the financial year ended March 31, 2026 (FY26), up 55% from the previous fiscal.
EIEL
Enviro Infra Engineers has received Letter of Empanelments (LoEs) for execution of two Projects in Maharashtra. The Swachh Maharashtra Mission Directorate has awarded the contract worth Rs 587.20 crore. The size of the second contract os ₹384.98 crore.Both projects will be executed on an engineering, procurement and construction (EPC) basis and are scheduled for completion within 24 months.
ASTRAZENAstraZeneca Pharma India gets nod to import, market Acalabrutinib tablets 100 mg. These are for the treatment of patients with previously untreated chronic lymphocytic leukaemia (CLL) /small lymphocytic lymphoma (SLL).
HERANBAHeranba Industrieshas entered into the fast-growing crop nutrition segment, marking a significant milestone in its growth journey. The company has unveiled a premium portfolio of innovative crop nutrition solutions aimed at enhancing farm productivity across India and global markets.
JYOTICNCJyoti CNC Automation’s shares plummeted nearly 16% after French authorities launched a judicial investigation into its subsidiary, Huron Graffenstaden SAS, for suspected export of dual-use technology. The probe led to the seizure of bank accounts and properties, and the temporary restriction of the subsidiary’s director general.
INDIA VIXTop Performing Sectors Today
Top Gainers
| Company | Today’s Chg | LTP |
|---|---|---|
 Nifty EnergyNIFTY ENERGY | +0.06%+20.45 | 37195.05 |
 Nifty MetalNIFTY METAL | -0.22%-27.10 | 12329.30 |
 Nifty RealtyNIFTY REALTY | -0.27%-2.05 | 757.20 |
*Prices shown may have delay up-to 15 minutes
Today’s Top Gainers and Losers
*Prices shown may have delay up-to 15 minutes
FII DII Activity (₹ Cr)
| Date | FII (Net Value) | DII (Net Value) |
| 10 April 2026 | 672.09 | 410.05 |
| 09 April 2026 | -1,711.19 | 955.90 |
| 08 April 2026 | -2,811.97 | 4,168.17 |
| 07 April 2026 | -8,692.11 | 7,979.50 |
| 06 April 2026 | -8,167.17 | 8,088.70 |
| Month-to-Date | -38,972.63 | 35,982.53 |
What’s Happening Beyond Markets?
- The Indian rupee dropped 48 paise to close near ₹93.31 per US dollar. The currency faced heavy pressure as the dollar index strengthened following the escalation of tensions in West Asia.
- Crude Oil prices surged over 8%, with Brent crossing $103 per barrel. The US government’s announcement of a potential naval blockade around Iranian ports has heightened supply disruption fears.
- Silver prices slipped to ₹2,37,181 per kg, dropping nearly ₹4,000 from Friday’s highs. Despite the dip, the metal continues to have industrial demand.
- Gold rates pulled back slightly, hovering at ₹1,50,081 per 10g (24K). The retreat is seen as a temporary correction as the market weighs the impact of a more hawkish US Fed stance to combat oil-led inflation.
- Akshaya Tritiya Outlook: With the festival approaching on April 19, bullion experts suggest that while prices are volatile, structural demand for physical gold remains at record levels in India.
- Delhi’s Electric Vehicle Policy 2.0: It lays out a phased roadmap to remove internal combustion engine (ICE) vehicles from the roads across personal, commercial, and government use.
- Retail Inflation: The annual inflation rate in India rose to 3.4% in March of 2026 from 3.21% in the previous month to mark the largest inflation rate in over one year, despite coming below median market expectations of 3.48%. It was only the third reading in India’s new CPI.
- Rising Bond Yields: The yield on India’s 10-year G-Sec rose to around 6.9%, extending gains from the previous week as a sharp rise in oil prices and renewed geopolitical tensions triggered broad-based selling in domestic bond markets.
Back to Basics
What is a Naval Blockade’s Market Impact?
In economic terms, a naval blockade—like the one currently discussed regarding the Strait of Hormuz—acts as a massive supply-side shock. Since 20% of global oil passes through this region, any restriction leads to an immediate spike in crude prices, which in turn fuels inflation and forces central banks to keep interest rates higher for longer.
Before You Go…
Markets aren’t just charts and tickers; they’re daily tales of ambition and the quiet courage to stay invested.
We’ll be back to cut through the noise, so you can focus on investing intelligently.
