Markets Closed on April 14 for Ambedkar Jayanti; 'Crude' Warning to Energy Markets

Mumbai, Apr 13, 2026:  The stock exchanges in India will remain closed for trading on April 14, in homage to the architect of the Indian Constitution, Dr. BR Ambedkar, whose 135th Birth Anniversary falls on this day. The primary exchanges, the NSE and BSE will remain closed, while the MCX (Multi Commodity Exchange) which is India's biggest non-agricultural commodity exchange, will open for trading at 5pm and will operate till 11:30pm on April 14. The NCDEX, however, will resume its operations with the NSE and BSE on April 15.

The Crude Price Warning

The failed US-Iran talks have sent a 'crude' warning to the global energy markets, which the price of crude shooting up by 7.3% to reach USD 100 a barrel on the opening day after the US-Iran talks failed over the weekend, and after the US threatened to choke off the Strait of Hormuz. The United States has threatened to impose a naval blockade on the ports of Iran. This will choke the supply of vital fuel supply around one of the world's most critical energy points, trigerring what analysts call the 'demented' supply crisis. The USD 150 crude oil price is sending shockwaves across the energy markets. Significant suply disruptions will happen if the blockade is effective and will trigger a larger crisis in west Asia. Financial experts say that crude could surge to USD 150-200 if the crisis escalates. With the US's blockade warning, this situation seems possible.

Supply Shortfall

Industry analysts estimate that the physical benchmark for crude is already hovering near USD 140 per barrel, indicating strong upward pressure in real supply markets.

If tensions persist for several weeks, prices could climb to USD 150 or beyond. The current supply deficit is estimated at 10–12 million barrels per day, representing roughly 10–12% of global supply.

Experts suggest that only demand destruction—a slowdown in consumption due to high prices—can rebalance the market under such strained conditions.

Outlook

With geopolitical risks rising and supply disruptions looming, global energy markets remain highly volatile. Investors and policymakers will closely monitor developments in the U.S.–Iran standoff, as further escalation could have far-reaching economic consequences.

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