Pre-market action: Here's the trade setup for today's session

By

Akash Podishetti

, ETMarkets.comLast Updated: May 13, 2026, 06:51:00 AM IST

Synopsis

Indian markets extended losses for the fourth consecutive session amid escalating US-Iran tensions and global market nervousness. Investors remained risk-averse, leading to sustained selling. Market sentiment is expected to stay fragile until geopolitical clarity emerges and energy prices stabilize.

Indian markets extended losses for the fourth consecutive session as the lack of progress in US-Iran negotiations continued to create nervousness across global markets. Escalating tensions in West Asia have heightened fears of a prolonged geopolitical conflict, keeping investors risk-averse and triggering sustained selling across financial markets. Overall, analysts say market sentiment is likely to remain fragile until there is greater clarity on geopolitical developments and stability in energy prices.

STATE OF THE MARKETS

• Tech View: The markets remained under pressure for the second straight session, with the Nifty slipping below its immediate support at the 50-DMA placed near 23,950 levels. On the volatility front, India VIX jumped nearly 10% to close around 18.50 levels, and any sustained move above the 20 mark could further increase nervousness among market participants.
• India VIX: India VIX, which is a measure of the fear in the markets, rose 4% to settle at 19.28 levels.

Stocks in F&O ban today

SAIL

Securities in the ban period under the F&O segment include companies in which the security has crossed 95% of the market-wide position limit.

FII/DII action

Foreign portfolio investors net bought shares worth Rs 1,959 crore on Tuesday. DIIs, meanwhile, were net buyers at Rs 7,990 crore.

Rupee
The Indian rupee hit an all-time low on Tuesday at 95.73 as fading hopes of a peace deal between the US and Iran sparked a run-up in oil prices, which, along with persistent portfolio outflows and weakening sentiment, pressured the currency.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

...moreless

...moreless