Share markets in India open under pressure:Sensex, Nifty slide as Trump Iran’s failure to strike Hormuz Strait deal weighs on investors

Indian benchmark indices opened under pressure on Tuesday, 7 April, 2026. The 30-company Sensex drifted downwards to 73,571.57 points. Similarly, the 50-company Nifty slid to 22,812 points. Stocks like Indigo, MM, Eternal, Axis Bank, Ultra Cement, LT and SBI were among the major losers on the Sensex. Nifty Auto crashes on NSE Sectorally on the NSE, barring IT, Metal, all other indices traded with losses with Nifty Auto falling the most by 1.54%. Oil becomes hotter The negative opening follows a surge in Brent crude prices, which traded at $111.43, up by 1.66 or 1.51%. This spike in oil prices coincides with an approaching geopolitical deadline in the United States, creating an atmosphere of caution across international markets. Concerns intensified after US President Donald Trump renewed threats against Iran over the Strait of Hormuz. The surge in oil prices has raised fears over inflation and India’s import bill, weighing on overall risk appetite. Asian markets gain US markets settled roughly flat in overnight deals Rupee slides The rupee depreciated 17 paise to 93.07 against the US dollar in early trade on Tuesday, Indian stocks surged on Monday Prior to this, on 7 April, the stock market saw a surge. The Sensex rose 787 points (1.07%) to close at 74,106. Similarly, the Nifty also saw an increase of 255 points (1.12%), closing at a level of 22,968.