Pre-Market 13 May 2026: What To Expect After Sensex Crashed 1,456 Points; GIFT Nifty Signals Weak Opening

Markets head into Wednesday after another sharp decline on Dalal Street wiped out gains from the recent rally. The Sensex plunged 1,456.04 points to settle at 74,559.24, while the Nifty 50 dropped 436.30 points to close below the 23,400 mark at 23,379.55 on 12 May 2026.

What Happened In Tuesday’s Session?

Indian equities remained under pressure through most of Tuesday’s session as selling intensified across IT, financial, realty and consumer-linked stocks.

Market sentiment weakened further after US President Donald Trump said the ceasefire with Iran was on “life support”. The remark added to concerns around global risk appetite and kept investors cautious throughout the session.

Analysts also pointed to continued foreign institutional investor (FII) outflows and weakness in the rupee as factors weighing on sentiment. The rupee fell to a record low of 95.63 against the US dollar during the session.

Selling was broad-based across sectors. Nifty Realty fell more than 4%, while Nifty IT declined over 3%. Nifty Consumer Durables dropped 3.59%, Nifty Auto lost 2.28% and Nifty Media slipped 2.77%.

Global Cues After Market Hours

Global markets traded weakly after Indian market hours.

On Wall Street, benchmark indices moved lower after a stronger-than-expected US inflation reading reduced hopes of an early interest rate cut by the Federal Reserve.

On 12 May 2026, the Dow Jones Industrial Average rose 56.09 points or 0.11% to 49,760.56. The S&P 500 lost 11.88 points or 0.16% to 7,400.96 while the Nasdaq Composite slipped 185.92 points or 0.71% to 26,088.20.

Market participants also remained cautious as negotiations between Washington and Tehran showed little progress, adding to concerns around inflation and global uncertainty.

European markets ended lower. The FTSE 100 Index fell 4.11 points or 0.04% to 10,265.32, while France’s CAC 40 Index declined 76.46 points or 0.95% to 7,979.92.

Japan’s Nikkei 225 Index gained 175.83 points or 0.28% to 62,918.40, while Hong Kong’s Hang Seng Index slipped 92.32 points or 0.35% to 26,255.59.

GIFT Nifty Update

GIFT Nifty was at 23,311.00, down 112 points or 0.48% as of 12 May 2026, 20:38 IST. The trend indicated another weak opening for domestic equities after Tuesday’s heavy selloff.

Technical Levels To Watch

Nifty has now slipped below the important 23,800 support zone, indicating weakness in the near-term structure.

• Immediate support is seen near 23,400

• The next important support zone is placed around 23,100

Analysts believe these levels could act as demand zones in the near term. The recent fall is still being viewed as a corrective pullback within the broader uptrend, rather than the start of a long-term bearish phase

Also Read - Post Market, 12 May 2026: Sensex Falls 1,456 Points, Nifty Down by 436 Points

What Should Investors Expect Today?

Markets may remain volatile on Wednesday as investors continue to assess global developments, inflation concerns and foreign fund flows.

The sharp fall across sectors over the past two sessions has weakened near-term sentiment. Weak GIFT Nifty trends also point to a subdued start for domestic markets.

At the same time, Nifty is approaching an important support zone near 23,400. The market’s ability to hold this range could become important for short-term direction.

Investors are also expected to track movements in global equities and any fresh developments around the US-Iran situation during the session.

Sources:

Mint

Reuters

The Hindu Businessline