
May 8 (Reuters) - India's benchmark indexes opened little changed on Thursday, as investors assessed the ongoing tensions with neighbour Pakistan and as the U.S. Federal Reserve said risks of higher inflation and unemployment have risen due to the global trade war.
The Nifty 50 .NSEI fell 0.11% to 24,388.9 and the BSE Sensex .BSESN lost 0.07% to 80,691.44 as of 9:41 a.m. IST.
Seven of the 13 major indexes logged gains. The broader small-caps .NIFSMCP100 and mid-caps .NIFMDCP100 rose 1% and 0.2% respectively.
The benchmarks ended flat on Wednesday after India launched missile strikes on Pakistan and Pakistan-administered Kashmir. Islamabad later vowed retaliation, rejecting terror camp claims, and called the attack a breach of sovereignty that killed innocent civilians.
The tensions spurred caution among investors, but foreign investors remained buyers on Wednesday.
Meanwhile, the U.S. central bank said the risks of higher inflation and unemployment had risen, further clouding the U.S. economic outlook as its policymakers grapple with the impact of President Donald Trump's tariffs.
Tata Motors TAMO.NS, which makes the luxury Jaguar Land Rover cars in Britain, gained 2.5% on reports that U.S. and U.K. could likely announce trade deal later in the day.