Stock Market Today: Sensex Slips From Highs, Nifty Near 24,550; Why Hormuz Crisis Has Investors WorriedSensex and Nifty opened higher but lost momentum as investors remained cautious over US-Iran tensions and the Strait of Hormuz crisis. However, the markets later moved off their early highs as investors tracked global developments and crude oil movements. Sector-wise, Nifty Private Bank, Auto and IT indices showed strength, while Nifty PSU Bank remained under pressure. In the broader market, the Nifty MidCap 100 index gained around 0.21%, while the Nifty SmallCap index slipped 0.13%. IPO market remains activeThe primary market also remained busy with multiple IPOs opening for subscription.