New Delhi, April 13 -- Indian equity markets crashed on Monday morning after United States President Donald Trump announced a naval blockade of the Strait of Hormuz. The BSE Sensex stood at 76,135.92, marking a decline of 1,414.33 points or 1.82 per cent, while the NSE Nifty 50 dropped 407.00 points to 23,643.60 at 9:15 am.

Markets showed a significant sell-off in key indices as global sentiment turned risk-averse following volatile negotiations between the US and Iran. The market reaction followed US President Donald Trump's announcement to restrict access through the Strait of Hormuz. Crude oil prices, which previously hovered between 94 and 100 dollars, surged back above 105 dollars, reintroducing immediate inflationary concerns for t...