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Crude oil surges after Strait of Hormuz blockade rattles Nifty 50 and Sensex outlook today
Economy
Published on 24 April 2026
GIFT Nifty hints at a red opening
Nifty 50 and Sensex are set to open lower on Thursday, April 23, as investor sentiment stays weak amid surging crude oil prices. The rise is linked to the ongoing blockade of the Strait of Hormuz, a key global shipping chokepoint. With GIFT Nifty also pointing to a negative start, traders are watching how oil moves could shape the morning session.
- Nifty 50 and Sensex seen opening in red
- Crude oil spikes amid Strait of Hormuz blockade
- GIFT Nifty signals bearish start for traders
- Market mood hinges on further oil-price volatility
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This summarization was done by Beige for a story published on 
Republic