Context : In April 2013 , the nearby ( z=0.031 ) TeV blazar , Mkn 421 , showed one of the largest flares in X-rays since the past decade . Aims : To study all multiwavelength data available during MJD 56392 to 56403 , with special emphasis on X-ray data , and understand the underlying particle energy distribution . Methods : We study the correlations between the UV and gamma bands with the X-ray band using the z-transformed discrete correlation function . We model the underlying particle energy spectrum with a single population of electrons emitting synchrotron radiation , and do a statistical fitting of the simultaneous , time-resolved data from the Swift -XRT and the Nu STAR . Results : There was rapid flux variability in the X-ray band , with a minimum doubling timescale of 1.69 \pm 0.13 hrs . There were no corresponding flares in UV and gamma bands . The variability in UV and gamma rays are relatively modest with \sim 8 \% and \sim 16 \% respectively , and no significant correlation was found with the X-ray light curve . The observed X-ray spectrum shows clear curvature which can be fit by a log parabolic spectral form . This is best explained to originate from a log parabolic electron spectrum . However , a broken power law or a power law with an exponentially falling electron distribution can not be ruled out either . Moreover , the excellent broadband spectrum from 0.3 - 79 keV allows us to make predictions of the UV flux . We find that this prediction is compatible with the observed flux during the low state in X-rays . However , during the X-ray flares , depending on the adopted model , the predicted flux is a factor of 2 - 50 smaller than the observed one . This suggests that the X-ray flares are plausibly caused by a separate population which does not contribute significantly to the radiation at lower energies . Alternatively , the underlying particle spectrum can be much more complex than the ones explored in this work . Conclusions :