# The Nifty fell 382.25 points, or 1.59%, to 23,669.05.

*business · news · 2026-04-13 · Outlook Business*

## Key points

- Nifty 50 and Sensex dropped over 1.5% in early trade due to renewed geopolitical tensions.
- US-Iran peace talks collapsed, reversing last week's market rebound driven by ceasefire hopes.
- Crude oil prices surged nearly 8%, with benchmarks rising above $100 per barrel on supply fears.
- The Indian rupee opened 0.6% lower at 93.28 against the US dollar amid dollar strength.

**Countries:** India, United States, Iran

[Read the full story on Outlook Business](https://www.outlookbusiness.com/markets/markets-slide-as-sensex-drops-1300-points-nifty-below-23700-on-oil-shock)

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