Markets open lower as renewed Hormuz tensions weigh on sentiment, oil surges to USD 113

Iran Herald · May 5, 2026 War

Mumbai (Maharashtra) [India], May 5 (ANI): The equity markets came under pressure on Tuesday, with benchmark indices opening lower as renewed hostilities in the Strait of Hormuz pushed crude oil prices higher, denting investor sentiment. The Nifty 50 index opened at 24,052. 60, declining 66.