Date: Monday, 13 April 2026
Indian equities are headed for a weak start on Monday, with GIFT Nifty trading at 23,713.50, down 396.50 points or 1.64%, indicating pressure at the opening bell.
In the pre-open session, Nifty 50 was seen at 23,355.25, lower by 695.35 points, reflecting heavy overnight risk-off sentiment and likely broad-based selling across sectors.
The sharp decline in pre-open suggests traders may witness profit booking after last week’s strong rally, with global cues and currency weakness adding to nervousness.
Meanwhile, the Indian rupee opened 55 paise weaker at 93.34 against the US dollar, signaling sustained pressure from global dollar strength and risk aversion in emerging markets.
Asian markets were also mixed to weak, with Nikkei trading around 56,351.28, keeping sentiment cautious ahead of domestic market opening.
Key levels to watch
- Immediate support: 23,300
- Next support: 23,150
- Resistance: 23,550
- Major hurdle: 23,700
A sustained move below 23,300 could trigger further downside towards 23,150–23,000, while recovery above 23,550 may help reduce early losses.
