{"id":11866,"date":"2026-05-13T05:22:29","date_gmt":"2026-05-13T05:22:29","guid":{"rendered":"https:\/\/lemonn.co.in\/blog\/?p=11866"},"modified":"2026-05-13T05:22:31","modified_gmt":"2026-05-13T05:22:31","slug":"market-opening-bell-13-may-2026-sensex-gains-nifty-23450","status":"publish","type":"post","link":"https:\/\/lemonn.co.in\/blog\/market-updates\/market-opening-bell-13-may-2026-sensex-gains-nifty-23450\/","title":{"rendered":"Market Opening Bell 13 May 2026: Sensex gains as Nifty reclaims 23,450"},"content":{"rendered":"
\"Market<\/figure>\n\n\n

Indian equities opened higher on Wednesday as easing crude prices and a stabilising rupee helped the Sensex<\/strong> rise over 250 points and the Nifty 50<\/strong> move back above 23,450<\/strong>, after a four-session slide driven by foreign selling and geopolitical stress.<\/p>\n\n\n\n

The positive start followed a flat Gift Nifty and mixed global cues, even as investors remained cautious about the fragile Iran ceasefire, elevated volatility and India\u2019s weakening share in global market capitalisation.<\/p>\n\n\n\n

Market Overview<\/h2>\n\n\n\n
Index<\/strong><\/td>13 May Opening Close*<\/strong><\/td>Move & % Change<\/strong><\/td>Comments<\/strong><\/td><\/tr>
BSE Sensex<\/strong><\/td>approx. 74,794<\/td>+235 pts (+0.32%)<\/td>Opened in green after prior 1.9% fall.<\/td><\/tr>
Nifty 50<\/strong><\/td>approx. 23,463<\/td>+83 pts (+0.36%)<\/td>Reclaimed 23,450 in early trade.<\/td><\/tr>
Nifty 50 (later)<\/strong><\/td>23,366.85<\/td>-13 pts (-0.05%)<\/td>Early gains faded, index turned negative.<\/td><\/tr>
BSE Sensex (later)<\/strong><\/td>74,484.19<\/td>-75 pts (-0.10%)<\/td>Slipped back into red after higher open.<\/td><\/tr>
India VIX<\/strong><\/td>18.98<\/td>-2% (intraday)<\/td>Volatility eased from recent spike near 18.5\u201320.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

*Note: figures are approximate; final exchange data not available at time of publication.<\/p>\n\n\n\n

    \n
  • Nifty 50<\/strong> snapped a four-session losing streak at the open, then traded volatile.<\/li>\n\n\n\n
  • Sensex<\/strong> initially gained around 120 points<\/strong> to 74,679<\/strong> in early trade, per intraday data.<\/li>\n\n\n\n
  • Broader indices Nifty Midcap 100<\/strong> and Nifty Smallcap 100<\/strong> rose nearly 0.7%<\/strong> each.<\/li>\n\n\n\n
  • On NSE, around 1,858 stocks advanced<\/strong>, 692 declined<\/strong>, 87<\/strong> were unchanged.<\/li>\n\n\n\n
  • India\u2019s market cap share slipped below 3%<\/strong> from over 4.6%<\/strong> in 2024, as per global data.<\/li>\n\n\n\n
  • Indian benchmarks have fallen nearly 13%<\/strong> in 2026 amid persistent foreign selling.<\/li>\n<\/ul>\n\n\n\n

    Key Movers<\/h2>\n\n\n\n
    Top Gainers<\/strong><\/td>Sector<\/strong><\/td>Notable Factor<\/strong><\/td><\/tr>
    Asian Paints<\/strong><\/td>Consumer<\/td>Jumped nearly 4%, led early Sensex gains.<\/td><\/tr>
    Tata Steel<\/strong><\/td>Metals<\/td>Benefited from sector strength and higher commodity prices.<\/td><\/tr>
    Adani Ports & Special Economic Zone<\/strong><\/td>Ports<\/td>Tracked broader market rebound in opening trade.<\/td><\/tr>
    HCL Technologies<\/strong><\/td>IT<\/td>Recovered after recent tech-led weakness.<\/td><\/tr>
    Kotak Mahindra Bank<\/strong><\/td>Banking<\/td>Rose up to 1% in early trade.<\/td><\/tr>
    Larsen & Toubro<\/strong><\/td>Capital goods<\/td>Participated in opening bounce.<\/td><\/tr>
    Titan Company<\/strong><\/td>Consumer<\/td>Gained up to 1% intraday.<\/td><\/tr>
    Bharat Electronics<\/strong><\/td>Defence<\/td>Traded higher with broader midcap gains.<\/td><\/tr>
    HDFC Bank<\/strong><\/td>Banking<\/td>Helped support indices at open.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
    Top Losers<\/strong><\/td>Sector<\/strong><\/td>Notable Factor<\/strong><\/td><\/tr>
    Power Grid Corporation of India<\/strong><\/td>Utilities<\/td>Declined up to 1% against market trend.<\/td><\/tr>
    Bajaj Finance<\/strong><\/td>NBFC<\/td>Extended recent correction in high-beta financials.<\/td><\/tr>
    Other select stocks<\/strong><\/td>Various<\/td>Saw mild profit booking up to 1%.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
      \n
    • Newly added MCX<\/strong> and National Aluminium Company<\/strong> entered the MSCI Global Standard Index.<\/li>\n\n\n\n
    • Hyundai Motor India<\/strong>, Jubilant FoodWorks<\/strong>, Kalyan Jewellers<\/strong> and RVNL<\/strong> were removed from the same index.<\/li>\n<\/ul>\n\n\n\n

      Sectoral Action<\/h2>\n\n\n\n
      Sector \/ Index<\/strong><\/td>Direction (approx.)<\/strong><\/td>Key Drivers<\/strong><\/td><\/tr>
      Nifty Metal<\/strong><\/td>up >1%<\/td>Strongest sector; supported by higher commodity prices and MSCI inclusion for NALCO.<\/td><\/tr>
      Nifty Consumer Durables<\/strong><\/td>down<\/td>Slipped into red despite broader rebound.<\/td><\/tr>
      Auto<\/strong><\/td>down<\/td>Faced pressure amid weak risk sentiment.<\/td><\/tr>
      IT<\/strong><\/td>down<\/td>Tracked global tech softness after US inflation data.<\/td><\/tr>
      Banking \/ Financials<\/strong><\/td>down<\/td>Continued selling after recent sharp declines in Bank Nifty.<\/td><\/tr>
      Realty<\/strong><\/td>down<\/td>Underperformed broader indices.<\/td><\/tr>
      FMCG<\/strong><\/td>flat to up<\/td>Stable, saw selective defensive buying.<\/td><\/tr>
      Pharma \/ Healthcare<\/strong><\/td>flat to up<\/td>Viewed as relatively safe amid macro uncertainty.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
        \n
      • Metal stocks outperformed, aided by infrastructure spending and commodity price gains.<\/li>\n\n\n\n
      • Media stocks struggled, while chemical and midcap healthcare indices traded in the green.<\/li>\n\n\n\n
      • Domestic bullion futures jumped after the import duty hike on gold and silver.<\/li>\n<\/ul>\n\n\n\n

        Technical Outlook<\/h2>\n\n\n\n
        Statistic<\/strong><\/td>Value\/Change<\/strong><\/td>Context<\/strong><\/td><\/tr>
        Nifty 50 key support<\/strong><\/td>23,150 \u2013 23,100<\/td>Lower end of April gap zone, seen as near-term support.<\/td><\/tr>
        Nifty 50 resistance<\/strong><\/td>23,600<\/td>Immediate cap for any pullback.<\/td><\/tr>
        Alternative Nifty support<\/strong><\/td>23,000, then 22,200<\/td>Levels flagged by some analysts as open on downside.<\/td><\/tr>
        Bank Nifty close (prev)<\/strong><\/td>53,555.20<\/td>Downtrend, below key moving averages.<\/td><\/tr>
        Bank Nifty resistance<\/strong><\/td>54,100 \u2013 54,200<\/td>Staying below keeps downtrend intact.<\/td><\/tr>
        Bank Nifty supports<\/strong><\/td>53,000, 52,500, then 51,800 \u2013 50,000<\/td>Zones to watch if weakness extends.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
          \n
        • Nifty formed a strong bearish candle<\/strong> earlier, breaking recent consolidation.<\/li>\n\n\n\n
        • RSI slipped below 50<\/strong>, and MACD turned bearish, signalling weak momentum.<\/li>\n\n\n\n
        • Options data showed call writing at 23,500\u201323,600<\/strong> and put writing at 23,300\u201323,400<\/strong>.<\/li>\n\n\n\n
        • Gift Nifty traded around 23,450\u201323,491<\/strong>, signalling a muted to mildly positive open.<\/li>\n\n\n\n
        • “The key benchmark index crashed below the important 23,500 zone, with heavy selling pressure continuing”\u00a0\u00a0– Vaishali Parekh, Vice President \u2013 Technical Research, Prabhudas Lilladher<\/strong>.<\/li>\n<\/ul>\n\n\n\n

          Global Cues and Macro Backdrop<\/h2>\n\n\n\n
          Market \/ Asset<\/strong><\/td>Movement<\/strong><\/td>Notes<\/strong><\/td><\/tr>
          Gift Nifty<\/strong><\/td>around 23,450\u201323,491, small premium<\/td>Pointed to cautious positive start for Nifty.<\/td><\/tr>
          Brent crude<\/strong><\/td>around $107, about -1%<\/td>Eased after three-session climb, still well above pre-war levels.<\/td><\/tr>
          WTI crude<\/strong><\/td>around $101\u2013102, about -1%<\/td>Pulled back but remains elevated.<\/td><\/tr>
          US S&P 500<\/strong><\/td>-0.16%<\/td>Slipped from record after hotter US CPI.<\/td><\/tr>
          Nasdaq Composite<\/strong><\/td>-0.71%<\/td>Tech-led decline on profit booking.<\/td><\/tr>
          Dow Jones<\/strong><\/td>+0.11%<\/td>Managed small gain despite inflation worries.<\/td><\/tr>
          Japan Nikkei 225<\/strong><\/td>-0.33% (spot), futures +0.4%<\/td>Mixed signals amid AI optimism and macro risks.<\/td><\/tr>
          South Korea Kospi<\/strong><\/td>-0.36% to -3% in recent sessions<\/td>Hit by concerns over AI windfall taxes.<\/td><\/tr>
          USD\/INR<\/strong><\/td>rupee at 95.52\u201395.61<\/td>Recovered 16 paise from all-time low near 95.63.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
            \n
          • US CPI rose 0.6%<\/strong> in April, 3.8%<\/strong> YoY, keeping Fed policy uncertainty high.<\/li>\n\n\n\n
          • The Iran\u2013US ceasefire remained fragile, with tanker flows via the Strait of Hormuz disrupted.<\/li>\n\n\n\n
          • Moody\u2019s cut India\u2019s 2026 GDP forecast<\/strong> to 6%<\/strong>, citing prolonged conflict risks.<\/li>\n\n\n\n
          • India\u2019s retail inflation edged up to 3.48%<\/strong> in April from 3.40%<\/strong>.<\/li>\n<\/ul>\n\n\n\n

            Currency, Commodities and Flows<\/h2>\n\n\n\n
            Statistic<\/strong><\/td>Value\/Change<\/strong><\/td>Context<\/strong><\/td><\/tr>
            USD\/INR opening<\/strong><\/td>95.61<\/td>Nearly unchanged from 95.63, off record low.<\/td><\/tr>
            Rupee intraday<\/strong><\/td>95.52<\/td>Recovered 16 paise from all-time low.<\/td><\/tr>
            Gold & silver import duty<\/strong><\/td>15% effective<\/td>Basic customs duty raised to 10% plus 5% AIDC.<\/td><\/tr>
            MCX gold futures<\/strong><\/td>+6% to \u20b91,62,648 \/ 10g<\/td>Spiked after duty hike.<\/td><\/tr>
            MCX silver futures<\/strong><\/td>+6% to \u20b92,95,805 \/ kg<\/td>Strong move on higher tariffs.<\/td><\/tr>
            FII flows (Monday)<\/strong><\/td>\u20b91,959 crore net sell<\/td>Sixth straight session of FII selling, per NSE data.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
              \n
            • Duty hike aims to curb bullion imports, narrow trade deficit and support the rupee.<\/li>\n\n\n\n
            • Prime Minister urged postponing gold purchases for a year to ease FX pressures.<\/li>\n\n\n\n
            • Persistent FII outflows continue to weigh on equity valuations and sentiment.<\/li>\n\n\n\n
            • “The market has been discounting an early resolution to the West Asia crisis and decline in the price of crude. Now, this appears difficult” – VK Vijayakumar, Chief Investment Strategist, Geojit Investments<\/strong>.<\/li>\n<\/ul>\n\n\n\n

              FAQs<\/h2>\n\n\n
              \n
              \n
              \n

              Why did the Sensex and Nifty open higher today despite recent weakness?<\/strong><\/h3>\n
              \n\n

              Easing crude prices, a modest rupee recovery, positive cues from Gift Nifty and short-covering after a four-session slide supported a higher open, although intraday volatility remained high.<\/p>\n\n<\/div>\n<\/div>\n

              \n

              What are the key levels traders are watching on Nifty 50 now?<\/strong><\/h3>\n
              \n\n

              Immediate support is seen around 23,150\u201323,100<\/strong>, with deeper support near 23,000<\/strong>. Resistance lies around 23,500\u201323,600<\/strong>, where significant call writing has been observed.<\/p>\n\n<\/div>\n<\/div>\n

              \n

              How do higher gold and silver import duties affect markets and the rupee?<\/strong><\/h3>\n
              \n\n

              The higher 15%<\/strong> effective duty is intended to dampen bullion imports, reduce the trade deficit and support the rupee. It has pushed domestic bullion futures sharply higher and may shift some investor focus back to equities.<\/p>\n\n<\/div>\n<\/div>\n

              \n

              Why did the Sensex and Nifty open higher today despite recent weakness?<\/strong><\/h3>\n
              \n\n

              Easing crude prices, a stabilising rupee, positive signals from Gift Nifty and short-covering after a four-session decline helped the indices open higher, even though intraday volatility stayed elevated.<\/p>\n\n<\/div>\n<\/div>\n

              \n

              What key technical levels should traders track on Nifty 50 now?<\/strong><\/h3>\n
              \n\n

              Analysts highlight support around 23,150\u201323,100 and deeper support near 23,000, with resistance around 23,500\u201323,600 where call writing has built up.<\/p>\n\n<\/div>\n<\/div>\n

              \n

              How will the hike in gold and silver import duties impact investors?<\/strong><\/h3>\n
              \n\n

              The 15% effective duty aims to curb bullion imports and support the rupee, but it also lifts domestic bullion prices and could encourage some investors to reassess allocations between gold and equities.<\/p>\n\n<\/div>\n<\/div>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"

              Indian equities opened higher on Wednesday as easing crude prices and a stabilising rupee helped the Sensex rise over 250 points and the Nifty 50 move back above 23,450, after a four-session slide driven by foreign selling and geopolitical stress. The positive start followed a flat Gift Nifty and mixed global cues, even as investors […]<\/p>\n","protected":false},"author":15,"featured_media":11867,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_ayudawp_aiss_exclude":false,"footnotes":""},"categories":[512],"tags":[],"class_list":["post-11866","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-updates"],"blocksy_meta":[],"_links":{"self":[{"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/posts\/11866","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/comments?post=11866"}],"version-history":[{"count":1,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/posts\/11866\/revisions"}],"predecessor-version":[{"id":11868,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/posts\/11866\/revisions\/11868"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/media\/11867"}],"wp:attachment":[{"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/media?parent=11866"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/categories?post=11866"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/tags?post=11866"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}