#Nsenifty50

This was aided by a fall in oil prices after US President Donald Trump's indication of a possible peace deal with Iran in near future.

The markets came under pressure as geopolitical tensions and renewed hostilities at the Strait of Hormuz sent crude oil prices higher.

At 8.11 am, GIFT Nifty futures traded at 24,119.50 points, indicating that the benchmark Nifty 50 would open below Wednesday's close of 24,177.65.