# Nifty 50 index surged from 22,713 to 24,050, recording a weekly gain of 1,337 points.

*business · news · 2026-04-13 · Livemint*

## Key points

- The Nifty 50 index posted its best weekly gain in over five years, rising nearly 6%.
- US-Iran ceasefire talks failed, prompting the US to announce a naval blockade of the Strait of Hormuz.
- Brent crude oil prices surged over 8% to $103.16 per barrel after the blockade announcement.
- Gift Nifty signals a gap-down opening near 23,700 due to renewed Middle East tensions.
- Gold and silver prices dropped up to 3% amid fears of a global energy supply shock.

**Companies:** HDFC Life, Kotak Mahindra Bank, Titan Company, Honasa Consumer, PNB, Paytm, GE Vernova T&D India, Banco Products India
**Countries:** India, United States, Iran, South Korea, Japan

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