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Markets open largely lower, Nifty tests 10,400
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Markets open largely lower, Nifty tests 10,400
Apr 12, 2018 12:31 AM

The benchmark indices on Thursday opened comparatively lower with NSE Nifty at 10,400 points and BSE Sensex at 33,947 points.

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NSE

IT companies like TCS, Infosys, Tech Mahindra were among the biggest index gainers. The rupee slips to day's low with 65.44 against the dollar.

The markets closed flat on Wednesday with the BSE Sensex and the NSE Nifty recording minor gains, while the Nifty Bank ended in the red.

Asian stocks came under pressure on Thursday as the threat of imminent U.S. military action in Syria rattled investors and sent oil prices to their highest levels since late 2014 on concerns about supply.

MSCI's broadest index of Asia-Pacific shares outside Japan slipped 0.05% in early trade while Japan's Nikkei dropped 0.4%.

On Wednesday, the S&P 500 lost 0.55% and the Nasdaq Composite dropped 0.36% while energy shares gained more than 1 percent on rising oil prices.

Trump declared that missiles "will be coming" in Syria, taunting Russia for supporting Syrian President Bashar al-Assad after a suspected chemical attack on rebels. Damascus and Moscow have denied any responsibility.

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