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Indian stock markets closed lower after a volatile session as geopolitical tensions, record-high gold prices and foreign selling weighed on sentiment. Experts warn of continued volatility while highlighting key stocks to watch amid cautious global cues.
Indian Markets in Turmoil Amid Global Sell-Off
New Delhi: Indian equity markets closed in the red on January 13, 2026, after a highly volatile trading session, reflecting cautious investor sentiment amid the absence of strong domestic triggers and rising global uncertainties.
By the end of trade, the BSE Sensex slipped 250.48 points or 0.30% to close at 83,627.69, while the Nifty 50 declined 57.95 points or 0.22% to settle at 25,732.30. Intraday swings highlighted nervousness among investors.
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Market sentiment was impacted by escalating geopolitical concerns after US President Donald Trump announced the cancellation of all engagements with Iranian officials amid ongoing protests in Iran. His remarks sparked fears of fresh trade and geopolitical disruptions.
External Affairs Minister S. Jaishankar confirmed discussions with US Secretary of State Marco Rubio on trade, energy and critical minerals. While India and the US aim to raise bilateral trade to $500 billion by 2030, markets remained cautious as talks are yet to yield concrete outcomes.
Safe-haven demand surged as gold and silver prices touched record levels following US inflation data that strengthened expectations of interest rate cuts by the Federal Reserve. MCX gold peaked at ₹1,42,949 per 10 grams, while silver climbed to ₹2,79,528 per kg.
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According to Abhinav Tiwari of Bonanza, renewed global anxiety emerged after Trump announced a 25% tariff on countries trading with Iran. Concerns over potential trade conflicts, especially involving China, outweighed optimism around India-US trade negotiations.
Analysts believe markets may stabilize if India-US trade talks progress and domestic institutional support remains strong. However, geopolitical risks and continued foreign investor selling could keep volatility elevated in the near term.
Prashanth Tapse of Mehta Equities noted that Nifty faces a crucial resistance near the 26,000 mark. Sustained buying by foreign institutional investors (FIIs) will be critical, as FII selling has already crossed ₹15,000 crore this month.
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Market experts recommended eight intraday stocks:
Oil India Ltd
Vedanta Ltd
Mankind Pharma Ltd
Coal India Ltd
Mahanagar Gas Ltd
Mahindra & Mahindra Financial Services Ltd
TD Power Systems Ltd
Eternal Ltd
These stocks were backed by strong technical indicators and favorable price patterns, according to analysts from Choice Broking, Anand Rathi and Prabhudas Lilladher.