New Delhi, April 7 -- The Indian Market opened in the red on Tuesday as the benchmark indices experienced a sharp decline during the early trade, tracking global cues and rising energy costs.

The BSE Sensex stood at 73,371.20 points, marking a significant drop of 735.65 points or 0.99 per cent at 9:16 am. At the same time, the NSE Nifty 50 started at 22,741.30 points, recording a decrease of 226.95 points or 0.99 per cent.

The negative opening follows a surge in Brent crude prices, which traded at USD 111.43, up by 1.66 or 1.51 per cent as of 9:20 IST. This spike in oil prices coincides with an approaching geopolitical deadline in the United States, creating an atmosphere of caution across international markets.

Concerns intensified af...