Indian stock markets decline amid Strait of Hormuz tensions and rupee weakness. The Sensex fell 361.62 points to 76,907.78 while Nifty50 dropped 134.90 points to 23,980.60 in early trade. The rupee hit an all-time low of 95.40 against the US dollar, weighing on investor sentiment. Brent crude oil prices surged to around $113 per barrel, creating significant headwinds for India's import-dependent economy. Major laggards included Larsen & Toubro, Bajaj Finance, and Maruti, while Bharti Airtel and Reliance Industries showed strength. Foreign institutional investors provided some support with net buying of Rs 2,835.62 crore on Monday. Analysts warn that geopolitical developments in West Asia will continue to guide market trends in the near term.
