Post-Market, 13 March 2026: Markets Continue To Bleed
- By Kotak News Desk
- 13 Mar 2026 at 6:13 PM IST
- Market News
- 4m
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Markets closed sharply lower as rising oil prices and the ongoing Iran conflict hurt investor sentiment. Along with the primary indices, broader indices also closed lower.
Markets continued to lose ground on Friday as the US–Israel and Iran conflict deepened the gas supply crunch, taking a heavy toll on investors’ sentiment. At the closing bell:
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The Nifty 50 settled at 23,151.10, down by 488.05 points.
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The Sensex settled at 74,563.92, down by 1460.50 points.
Broader markets also felt the heat with the Nifty MidCap 100 and Nifty SmallCap 100 declining by 2.65% and 2.51%, respectively.
Global Tensions Spook Investors
Global developments played a major role in the day’s market movement. Asian markets traded sharply lower and investors reacted negatively to rising oil prices. Traders worried that a long conflict could slow global economic growth.
The situation remained tense as the conflict entered its second week. Iran’s new supreme leader warned that the country could expand the conflict further. His remarks increased concerns and kept investors cautious.
Oil Prices Add To Market Pressure
Crude oil prices surged during the week as the conflict raised fears of supply disruptions. The Brent crude benchmark crossed the $100 per barrel mark on Friday morning after a volatile week. Traders remain worried that tensions around the Strait of Hormuz, a key route for global oil shipments, could affect supply.
The spike in energy prices also reduced expectations that the United States Federal Reserve could cut interest rates soon.
Precious Metals Also Slip
Despite geopolitical tensions, gold and silver prices traded lower on Friday in domestic commodity markets. At 10:06am on the Multi-Commodity Exchange (MCX), silver futures for May 2026 delivery fell by ₹1,961, or 0.7%, to ₹2,66,001 per kilogram. Gold futures for April 2026 delivery declined by ₹507, or 0.3%, to ₹1,59,764 per 10 grams.
At 15:46pm, MCX gold futures for April stood at ₹1,59,577 per 10 grams, while MCX silver futures for May stood at ₹2,64,741 per kg.
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Signals For Investors
By the closing bell, traders appeared to show signs of caution. Many investors chose to reduce exposure ahead of the weekend as geopolitical risks remained high. Markets are likely to remain on tenterhooks in the coming week. Much will depend on how geopolitical events, particularly the Middle East war shapes up ahead.
Sources
Business Standard
The Times Of India
NDTV
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