Indian markets opened sharply lower on Monday after a fresh round of US strikes on Iran over the weekend sent crude oil prices surging and rattled global risk sentiment, though benchmarks clawed back a chunk of their losses through the morning as Q1 earnings optimism kicked in. Here’s everything you need to know about markets this morning.
📈 Indian Stock Market Today
The Sensex gapped down more than 600 points at the open, hitting an intraday low of 76,857.43, before recovering to trade around 77,480 — down a modest 0.11% (89 points) by early afternoon. The Nifty 50 fell as much as 178 points to test the psychologically important 24,000 support level, later stabilizing near 24,029. The sharp opening fall was driven by escalating US-Iran tensions over the weekend, which pushed crude oil sharply higher and dented global risk appetite. Domestic buying and the start of a strong Q1 earnings season, led by TCS, helped indices recover a large part of the early losses. Both FIIs and DIIs were net buyers in the most recent session, cushioning the downside for cash markets.
₿ Crypto Market Update
Bitcoin held steady near $63,020 (about ₹61.1 lakh), largely flat versus Friday’s close after a strong run earlier this month that took it from the low-$63,000s to briefly touch $64,380. Ethereum traded around $1,795 (roughly ₹1.70 lakh), broadly holding its recent gains even as it slipped slightly in rupee terms against a firmer dollar. Both majors remain up close to 2.7-2.8% over the past week, with traders watching whether Strait of Hormuz tensions spill over into broader risk-asset selling in the days ahead.
💰 Today’s Key Rates at a Glance
| Asset | Price | Change |
|---|---|---|
| Nifty 50 | 24,029 | -0.7% (intraday low) |
| Sensex | 77,480 | -0.11% |
| Bitcoin (BTC) | ₹61.1L / $63,020 | ~0.0% 24hr |
| Ethereum (ETH) | ₹1.70L / $1,795 | +0.1% 24hr |
| Gold (10g, 24K) | ₹1,44,010 | -0.7% (recent) |
| Silver (1kg) | ₹2,35,000 | +5% (recent) |
| USD/INR | ₹95.63 | +0.31% |
| Crude Oil (Brent) | $78.85 | +3.74% |
📰 Top 5 Financial News Stories This Morning
- Sensex, Nifty gap down as US-Iran conflict escalates — Fresh US strikes on Iran over the weekend triggered a risk-off wave across global markets. The Sensex opened over 600 points lower and the Nifty briefly slipped below its 24,000 support before dip-buying emerged, a reminder of how quickly geopolitical shocks can move Indian benchmarks at the open.
- Crude oil spikes over 3% as Iran threatens Strait of Hormuz — Brent crude jumped to $78.85 a barrel and WTI to $73.96 after Iran declared the Strait of Hormuz closed, though Western naval forces say the waterway remains open to shipping. As one of the world’s largest oil importers, India is directly exposed to sustained price increases through higher import bills and inflation risk.
- TCS-led earnings season lifts sentiment — The start of Q1 results, headlined by TCS, gave markets a reason to pare early losses. Investors will be watching IT and banking majors this week for signals on demand trends and margin resilience heading into the rest of the earnings season.
- Rupee slips as oil-driven dollar demand builds — The USD/INR pair moved up to around 95.63, with the rupee under pressure from costlier crude imports and broader dollar strength. A weaker rupee adds to imported inflation risk at a time when oil prices are already climbing.
- FIIs and DIIs both turn net buyers — In the most recent session, FIIs bought a net ₹2,603 crore and DIIs added ₹2,019 crore, a combined inflow of over ₹4,600 crore. Sustained institutional buying has been a key cushion for Indian equities even as global headlines turn choppier.
🔍 What to Watch Today
Investors should track any further developments around the Strait of Hormuz and US-Iran tensions, which remain the biggest swing factor for oil prices and market sentiment this week. US inflation data due later this week will also be watched closely for clues on the Federal Reserve’s policy path, especially with S&P 500 companies expected to post around 24% growth in Q2 profits. Domestically, the pace of Q1 earnings from IT and banking majors, along with FII/DII flow trends, will help set the tone for the rest of the week.
Data sourced from live market feeds. Last updated: morning IST, 13 July 2026. This is for informational purposes only and not investment advice.
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