Stock Market Update 13 May 2026: Indices Open A Bit Higher After Sell-Off

Most Indian stock market indices were trading higher after market opening on Wednesday, 13 May 2026.

At around 9:16 AM, the Sensex was up by around 183.47 points (0.25%) to trade at 74,742.71. The Nifty 50 was also up by 67 points (0.29%) to trade at 23,446.45.

Notably, both indices dropped sharply on Tuesday amid a wide-scale sell-off. At market close, the Sensex was down 1,456.04 points at 74,559.24, whereas the Nifty 50 was down 436.30 points to settle at 23,379.55.

How Other Indices Are Performing?

Not just the Sensex and Nifty, but most other indices were trading in the green during early trade on Wednesday.

At around 9:19 AM, Bank Nifty was up by 0.11% to trade at 55,611.45. The Nifty Financial Services index was also trading higher by around 0.06% at 25,151.45.

Sectoral indices also witnessed good gains, with Nifty Metal rising 1.26%, Nifty Pharma rising 0.62%, and Nifty Auto rising 0.28%. Nifty IT (down 0.08%) was the only sectoral index in the red.

Top Gainers And Losers

Approximately 1,380 shares opened in the green on Wednesday, whereas 914 shares opened in the red.

The top gainers on Nifty were Asian Paints, Hindustan Zinc, Muthoot Finance, and Vedanta. The top losers were Tata Power, Tata Motors Commercial, Eicher Motors, and LTM.

What About The Global Markets?

Global markets gave mixed cues as uncertainty prevailed around the US-Iran negotiations.

• S&P 500 futures were little changed as of 10:48 AM Tokyo time.

• Nikkei 225 futures (OSE) were up 0.7%.

• Japan’s Topix was up 1.2%.

• Australia’s S&P/ASX 200 was down 0.2%.

• Hong Kong’s Hang Seng was little changed.

• The Shanghai Composite was little changed.

• Euro Stoxx 50 futures were down 1.5%.

Developments Shaping The Market

• Middle East Tension: The uncertainty in the Middle East is one of the most crucial factors that are causing the current market volatility. There is no clarity as of now surrounding the peace talks between the US and Iran.

• Rupee Under Pressure: The Indian National Rupee (INR) has been under constant pressure due to geopolitical uncertainty and volatile energy prices. On Wednesday, the currency opened at 95.61 per US dollar as against the previous close of 95.6275.

• FII Selling: Foreign institutional investors (FII) continued their selling spree on Tuesday. The year-to-date outflow rose to as much as $23.14 billion.

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Investor Takeaway

The Indian stock markets seem to be going through a highly volatile and uncertain phase. FIIs continue to pull their money out of the market. Even the global markets are providing no definite cues. Investors must proceed with extreme caution and keep an eye on the constantly changing geopolitical situation.

Sources:

The Economic Times

Moneycontrol

Reuters