Stock Market Today: Sensex, Nifty Tumble After Trump Threatens 'Hell' To Iran Over Hormuz Blockade

Stock Market Today: Domestic equity benchmark indices opened with a gap-up, tracking cues from Asian markets; however, the indices soon pared initial gains to trade in the red as US President Donald Trump’s threat to Iran over the blockade of the Strait of Hormuz weighed on investor sentiment.

The BSE Sensex opened with a gap-up of 157.98 points, or 0.22 per cent, at 73,477.53. Likewise, the NSE Nifty 50, began the session up by 67.20 points, or 0.30 per cent, at 22,780.30. However, a few minutes into trading, Sensex slipped as much as 405 points, or 0.55 per cent, to hit an intraday low of 72,914.16, and Nifty tumbled up to 121.40 points, or 0.53 per cent, to the day's low at 22,591.70.

The Strait of Hormuz is a critical shipping route which carries nearly one fifth of the total global oil supply.

This is a developing story...