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. Aim: 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 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 NuSTAR. 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 cannot 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, 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.
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