Indian equity benchmark -- Nifty ended lower with cut of over half a percent on Tuesday amid escalating geopolitical jitters in West Asia after U.S. reinstated a naval blockade on Iranian shipping through the Strait of Hormuz and proposed charging a 20% transit fee on cargo passing through the strategic waterway. Index made a gap-down start and remained under pressure throughout the day as broad-based selling in almost all the sectors dampened investors sentiments. Further, spike in crude oil prices and foreign fund outflow weighted on market sentiments. As per exchange data, foreign institutional investors offloaded equities worth Rs 3,062.27 crore on July 13, 2026. Besides, rupee depreciation against US dollar also impacted trading sentiments. Afterwards, Nifty extended its losses and ended with cut of over 0.66%.
Most of the sectorial indices ended in red except Pharma, Metal and Consumer Durables stocks. The top gainers from the F&O segment were Biocon, Container Corporation of India and Adani Power. On the other hand, the top losers were HCL Technologies, Lodha Developers and Shriram Finance. In the index option segment, maximum OI continues to be seen in the 24900 - 25100 calls and 23900 - 24100 puts indicating this is the trading range expectation.
