Indian Equity Indices Slide on Crude Oil Price Spike

The Indian equity indices opened Thursday's trade on a lower note due to a rise in crude oil prices after US President Donald Trump threatened Iran to strike again.

The Nifty 50 fell 42.25 points or 0.17% to open at 24,207.95, while the BSE Sensex slid 171.28 points or 0.22% to open at 77,483.32.

According to VK Vijayakumar, Chief Investment Strategist at Geojit Investments, 'The Indian market construct indicates a breakout trend. But the potential breakout is being constrained by many headwinds. The spike in Brent crude again to near $90 following the escalation of the US-Iran conflict is a strong headwind.'

Infosys, Tech Mahindra, Wipro, ONGC, and TCS were among the top gainers in the Nifty 50.