Sensex Today: The benchmark indices, Nifty50 and Sensex, opened on a weak note as investors weighed ongoing tensions in West Asia and the continued blockade at the Strait of Hormuz, which remains a key concern for global energy supplies.
As of 10:00 AM, the Nifty50 was trading 0.94 per cent or 226.75 points down at 23,946.30, and the Sensex was trading 1.04 per cent or 807.97 points down at 76,871.32.
Global Cues
However, most markets across the Asia-Pacific region traded lower as stalled US-Iran negotiations heightened concerns over prolonged disruptions to energy supplies, particularly through the strategically critical Strait of Hormuz. The uncertainty kept investors cautious, even as some geopolitical developments offered limited relief.
Market
sentiment found some support after a ceasefire between Lebanon and Israel was extended by three weeks. The agreement came following discussions involving US President Donald Trump and senior officials at the White House, offering a temporary easing of tensions in the region.
Despite this, key regional indices remained under pressure. South Korea’s Kospi fell 0.22%, while Hong Kong’s Hang Seng declined 0.45%, reflecting broader risk aversion among investors.
In contrast, Japan’s Nikkei 225 advanced 0.55% after data showed the country’s core inflation rose 1.8% in March. The uptick marked the first acceleration in five months, providing some support to Japanese equities.
In the commodities market, crude oil prices remained elevated, with Brent crude trading well above the $100 per barrel mark. The April futures contract was up 1.44% at $107 per barrel, as disruptions in the Strait of Hormuz continued to impact global energy supply.
Meanwhile, precious metals faced pressure. Gold and silver futures declined 0.34% and 0.42%, respectively, as rising US 10-year Treasury yields and higher oil prices reduced the appeal of safe-haven assets.
