he Indian stock market is expected to open lower on Wednesday, following mixed trends in Asian peers, amid cautiousness over the US-Iran ceasefire and as the blockade of the Strait of Hormuz continues. Sensex opened 254 points lower at 79,019.34 while Nifty 50 started the day 106 points down at 24,470.85. US President Donald Trump indefinitely extended the ceasefire with Iran and maintained a blockade of the Strait of Hormuz while diplomatic efforts continue. Meanwhile, Vice President JD Vance’s expected trip to Pakistan for US-Iran peace talks was put on hold. Trump said the ceasefire extension came at Pakistan’s request, as Washington awaited a “unified proposal” from Tehran. At the same time, the U.S. military continued its blockade of Iranian ports.

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