Share Market LIVE Updates: Geopolitical tensions continued to pressure Indian stock markets on May 20. Markets had recovered slightly on Tuesday after hopes grew that tensions between the US and Iran could ease.

However, by the end of the session, investors realised that the conflict was unlikely to end anytime soon, which hurt market sentiment again. As a result, Indian benchmark indices opened lower on Wednesday. The Sensex fell 394 points in early trade, while the Nifty 50 dropped 214 points at the opening bell. The weak start was largely expected after GIFT Nifty had already indicated a negative opening amid rising geopolitical concerns and fears of higher crude oil prices.

Why share market is crashing today

GIFT Nifty Today

GIFT Nifty pointed towards a weak opening for Indian markets on Thursday morning. In early trade, it was down by more than 100 points and was hovering near the 23,406 to 23,450 range. This indicates that the Nifty could start the session much lower than its previous close of 23,618.

Asian markets under pressure

Global market weakness is weighing on investor sentiment. Wall Street ended lower overnight, while most Asian markets also witnessed selling pressure. Rising US Treasury yields and weakness in Asian currencies have further increased concerns among investors. Amid this negative mood, the 23,400 level is expected to remain an important support zone for the Nifty during the opening trade.