# Gift Nifty at 23,770 indicates a gap down of opening of 300-350 points for Nifty.

*business · news · 2026-04-13 · The Hindu Business Line*

## Key points

- US-led peace talks with Iran failed, prompting US restrictions on the Strait of Hormuz.
- Crude oil prices surged above $105 after earlier corrections, reigniting inflation and macroeconomic concerns.
- Foreign Portfolio Investors sold Rs 1,90,046 crore in Indian equities in 2026 up to April 11.
- Over 85% of India's crude imports depend on the Strait of Hormuz, heightening vulnerability to oil price spikes.
- Market focus is shifting from headline Q4 earnings to forward guidance and management commentary.

**Companies:** HDFC Bank, ICICI Bank, Geojit Investments Ltd, Enrich Money, Livelong Wealth
**Countries:** India, United States, Iran

[Read the full story on The Hindu Business Line](https://www.thehindubusinessline.com/markets/gift-nifty-trade-indicates-gap-down-opening-of-300-points-for-nifty50/article70856063.ece)

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