Stock Market Live Updates: Indian equity benchmarks opened lower on Thursday as oil prices have surged to $120 amid US-Iran stand-off. Also, US President Donald Trump has said that he will maintain the blockade on the Strait of Hormuz.
At the open, Sensex fell over 680 points while NSE Nifty50 was down over 200 points. Separately, the rupee opened 16 paise lower at 95.01 against the US dollar compared to Wednesday’s close of 94.85 a dollar.
Meanwhile, exit poll results for five states (which came out last night) are expected to drive investor sentiments in India. Notably, this is the last trading day of the week as Friday (May 1) will be a stock market holiday.