India, April 23 -- Anxiety around the Strait of Hormuz eclipsed the euphoria surrounding the announcement of an extended ceasefire, dampening market sentiment and dragging down stock prices. However, resilient corporate earnings despite war-led headwinds limited losses.
Wall Street Futures are trading in negative territory amidst a lack of progress in the conflict between the U.S. and Iran. Benchmarks in Europe are also trading on a mostly negative note. Earlier in the day, Asian markets too had finished trading mostly in the red. The 6-currency Dollar Index which measures the U.S. Dollar's strength against a basket of 6 currencies has firmed up mildly. Sovereign bond yields hardened across regions. Both the crude oil benchmarks are tradin...