Sensex and Nifty open lower as crude spikes from Hormuz tensions hit sentiment hard

Oil jump linked to Strait of Hormuz blockade

Indian benchmarks Sensex and Nifty 50 opened in the red on Thursday, with sentiment staying weak. Sensex slipped 0.68% to 77,983.66 and Nifty 50 fell 0.72% to 242,022.35. Analysts point to surging crude prices tied to the ongoing blockade near the Strait of Hormuz, which is weighing on risk appetite.