The Indian stock market experienced a notable surge last week, with the Nifty 50 index climbing from 22,713 to 24,050, marking a 6% weekly gain, its best performance in over 5 years. However, the market is set for a gap-down opening on April 13, 2026, with the Gift Nifty indicating a start near 23,700. This negative outlook is attributed to escalating tensions following the failure of ceasefire negotiations between the US and Iran, which has raised concerns about prolonged conflict and its impact on global oil prices. Crude oil prices jumped 8.36% to $103.16 per barrel, intensifying inflation fears in India, a country heavily reliant on oil imports. Consequently, gold and silver prices also dropped by up to 3%. Analysts suggest that traders should adopt a cautious approach, focusing on stock-specific opportunities, particularly in sectors sensitive to interest rates and economic cycles. The Bank Nifty index remains in a recovery phase, with potential resistance around 56,200 and support near 55,300.