Indian Market Updates - 2026-07-13

Latest Status

Geopolitical risks, oil spike set to drag Indian equities lower

- Bias: negative - Key signal: GIFT Nifty at 24,052.5, discount of 154 points from Nifty futures close.

• GIFT Nifty at 24,052.5 signals a gap-down start after Friday's strong recovery.
• Brent crude surged 3% to $78.40 on renewed US-Iran tensions and Strait of Hormuz threats.
• Asian markets declined: Kospi -2.5%, Nikkei -0.2%; US futures also fell.
• Nearly 70 companies report Q1 results this week, including HCLTech and Avenue Supermarts.
• Nifty support at 24,000 is critical; a break below could accelerate selling.
• Realty and PSU banks led on Friday, but oil-sensitive sectors like OMCs face pressure.

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