New Delhi, April 13 -- The Indian stock market reversed its recent gains in Monday's session on April 13, as sentiment was once again dampened by rising crude prices after US-Iran peace talks over the weekend failed to yield a deal, triggering renewed concerns in the region.

The Nifty 50 ended the session with a nearly 1% drop, settling at 23,842, while the S&P BSE Sensex wrapped up trade at 76,788, down 1% from Friday's close. The broader markets also mirrored the weak trend, with both the Nifty Midcap 100 and Nifty Smallcap 100 indices ending the session with losses of over 0.46%.

Although the benchmark indices closed with sharp losses, they recovered about half of their opening declines, indicating that they are finding support at lo...