Indian Stock Market Ends Higher After Volatile Trade, Nifty Breaks 3-Day Losing Streak

Mumbai, May 13, 2026: Indian benchmark indices ended marginally higher on 13 May after a highly volatile trading session, snapping a three-day losing streak amid elevated crude oil prices, persistent geopolitical concerns, and continued FII outflows.

The market witnessed sharp intraday swings, with the Nifty slipping to an intraday low of 23,262.55 before staging a strong recovery to touch a high of 23,582.95. However, the index pared most of its gains during the final hour of trade due to profit booking at higher levels.

At close, the Sensex advanced 49.74 points, or 0.07%, to settle at 74,608.98, while the Nifty gained 33.05 points, or 0.14%, to close at 23,412.60. On the sectoral front, Nifty Metal, Oil & Gas, and Consumer Durables emerged as the top gainers, contributing positively to the market performance. On the other hand, weakness in Nifty IT and Auto stocks capped the overall upside, while the remaining sectors traded on a mixed note. Broader markets continued to outperform the frontline indices, with the Nifty Midcap 100 index rising 0.77% and the Nifty Smallcap 100 index gaining 0.31%, indicating selective buying interest in the broader market space.

Nifty Outlook                            

Index formed a high wave candlestick pattern with a lower high and a lower low signaling consolidation after last three sessions sharp decline. Nifty started the session on a weak note and formed an intraday low of 23,262 in the opening trade. However, pullback during the session saw the index forming an intraday high of 23,582 in the midsession. Sharp decline in the last hour saw the index gave up most of its intraday gains and closed the session marginally higher by 0.2%.

Index need to start forming higher high and higher low on a sustained basis in the daily chart and move above the recent breakdown area of 23,800 to signal a pause in the recent corrective trend. Nifty has immediate support at 23,000-23,200 levels being the confluence of the lower band of the 8th April gap area and the 61.8% retracement of the previous pullback ( 22,182-24,601).

Intraday Levels for Nifty

Resistance: 23,540 & 23,680

Support: 23,260 & 23,130

Bank Nifty Outlook

CMP: 53,450

Index formed a high wave candlestick pattern with a lower high and a lower low signaling extension of the decline and continuation of the downtrend for the fourth session in a row.

Bank Nifty on Tuesday’s session breached the lower band of the last 3 weeks consolidation range 54,200-56,500. Bias continues to remain down below Tuesday’s breakdown area of 54,400 and a follow through weakness will open further downside towards 52,700-52,400 levels being the confluence of the lower band of the 8th April gap area and the 61.8% retracement of the previous pullback ( 49,955-57,456).

Bank Nifty Intraday levels

Resistance: 53,780 & 54,100

Support: 53,050 & 52,700