Mumbai, April 30 -- The domestic stock markets opened under heavy selling pressure on Thursday as Brent crude oil futures surged above USD 120 per barrel, denting investor sentiment amid continued uncertainty in West Asia.

The Nifty 50 index opened at 23,899.20, falling 278.45 points or 1.15 per cent, while the BSE Sensex opened at 76,582.24, down 914.12 points or 1.18 per cent.

Market participants said the sharp rise in crude prices and lack of clarity on the geopolitical situation have led to heightened volatility and risk aversion.

Ajay Bagga, Banking and market expert, told ANI that domestic markets are facing significant pressure, with early indications such as GIFT Nifty pointing to a gap-down opening of over 140 points.

He note...