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Indian stocks seen opening sharply lower as Trump orders US Navy blockade of Strait of Hormuz, Asian markets fall, oil jumps about 11 percent above 100 dollars per barrel
Markets may open lower this week after US–Iran talks collapse, reviving global risk concerns
The Indian equities market is likely to see a sharp gap-down on Monday following the weak global trend after Trump announced the military blockade on the Strait of Hormuz.
Gift Nifty is suggesting a weak start. Around 7:25 am, it was trading 300 points or 1.34 per cent lower to 23,768.
Asian markets are also in the red. Japan’s Nikkei 225 (JP225) is among the biggest losers in early hours, down around 0.8%, reflecting pressure from rising oil prices and global uncertainty. Hong Kong’s Hang Seng (HK50) is also trading lower, falling around 1%, indicating selling across financial and tech stocks. Singapore’s STI and Malaysia’s KLCI are also in the red, pointing to a broader cautious mood across Southeast Asia.
China, however, is showing some resilience. The CSI 300 is marginally higher, while the Shanghai Composite is largely flat, suggesting selective buying support in mainland markets despite global tensions.
Markets are likely to shift back into a risk-off mode. According to Ponmudi R, CEO of Enrich Money, elevated crude prices, geopolitical uncertainty, and persistent FII outflows will act as key overhangs.
“Nifty is expected to open with a gap-down, with GIFT Nifty indicating an opening in the 23,790–23,800 range, slipping below the key 24,000 level,” he added.
Hariprasad K, SEBI-registered Research Analyst and Founder, Livelong Wealth added that today’s session is likely to be driven by global risk sentiment, expiry dynamics, and stock-specific triggers.
Crude Oil Prices Jump 11%
The risk off sentiment and blockage move triggered a panic as crude oil prices jumped 11 per cent to cross $105 per barrel.
WTI crude oil futures were trading around $104.25 per barrel on Monday morning, while Brent crude traded near $101 per barrel.
The United States Navy is reportedly planning to begin blocking ships attempting to pass through the Strait of Hormuz, citing Iran’s “unyielding” stance on its nuclear ambitions during recent peace talks in Islamabad.
In a post on Truth Social, Trump said, “Effective immediately, the United States Navy, the Finest in the World, will begin the process of BLOCKADING any and all Ships trying to enter or leave the Strait Of Hormuz.”
Trump also accused Iran of going back on its assurance to keep the key international waterway open. He claimed the situation had caused disruption and uncertainty for global shipping, adding that reports of mines in the waters had further raised fears among ship owners.
The Strait of Hormuz is a key international water passage, connecting the Gulf nations with the Gulf of Persia and Arabian sea. The importance of Hormuz lies in the fact that over 20 per cent of global crude oil happens through it, marking it a critical chokepoint. Any blockade and intrusion in the passage is likely to intensify the energy supply disruption across the globe, especially for countries that are dependent on it.
April 13, 2026, 07:33 IST
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