Nifty down 250 pts, Sensex loses 800 pts in opening as crude surges past USD 100 amid West Asia tensions

Mumbai (Maharashtra) [India], March 12 (ANI): Indian stock markets opened in the red on Thursday as escalating tensions in West Asia and again a sharp rise in crude oil prices weighed on investor sentiment.

The benchmark indices came under pressure after Iran's Navy Chief reportedly said that vessels seeking to sail through the Strait of Hormuz would require Iran's approval or could be targeted, raising concerns