Indian benchmark indices opened sharply lower on Thursday, with the Sensex dropping over 560 points and the Nifty falling more than 200 points, as rising US Treasury yields and weak global sentiment outweighed support from softer crude oil prices.
The US military helped move more than 15 million barrels of oil and petroleum products through the Strait of Hormuz, Energy Secretary Chris Wright said. Oil flows have recovered sharply but remain below pre-conflict levels amid continuing security concerns.
