Stock Market Live Updates Today: The Indian benchmark indices opened lower amid negative global cues, driven by worries over a prolonged conflict between the US and Iran.
As of 11:00 AM, the Nifty50 was trading 1.18 per cent or 275.50 points down at 23,366.60, and the Sensex was trading 766.60 points or 1.01 per cent down at 75,267.82.
Investor sentiment globally has turned cautious as the conflict in the Middle East intensifies and threatens the stability of the Strait of Hormuz — a critical chokepoint through which roughly 20% of the world’s oil supply passes. Disruptions to tanker traffic and attacks on vessels have sharply reduced shipping activity in the region, raising fears of prolonged energy supply disruptions.
The geopolitical escalation has already rattled global markets. Major US indices fell sharply on Thursday, while oil prices surged above $100 per barrel, triggering concerns about inflation and slower global growth.
Market volatility has been driven by fears that Iran could continue blocking or disrupting shipping through the Strait of Hormuz. Analysts warn that a prolonged disruption could send oil prices significantly higher and deepen the global risk-off mood.
For India, which imports the majority of its crude oil, higher energy prices pose risks for inflation, fiscal balances, and corporate profitability. Energy-intensive sectors such as aviation, paints, chemicals, and logistics may face pressure if crude remains elevated.
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