Globally unique resources that provide access to data management services and serve as the parent namespace for the services.
@Vodnala, Ashwin Are you using Storage Explorer behind a proxy server?
If yes, please take a look at this section in the Storage Explorer troubleshooting guide: https://docs.microsoft.com/en-us/azure/storage/common/storage-explorer-troubleshooting?tabs=Windows%2C2004#proxy-issues to see if any suggested solutions there are helpful.
Storage Explorer only supports basic authentication with proxy servers.
If you are still seeing this issue, please let me know in the comments.