GIFT Nifty Falls Amid Elevated Oil Prices
The Indian equity market is off to a cautious start on Tuesday, with the GIFT Nifty down 0.07% at 23,809.
This comes as Brent crude remains elevated above $97 a barrel, while US crude declined by 0.15% to $92.39 a barrel.
Asian markets are trading mixed, with South Korea's Kospi rising 0.75%, but Japan's Nikkei 225 falling 0.95%.
The Indian rupee ended the previous session 7 paise lower at 94.50 against the US dollar on a provisional basis, while the US Dollar Index (DXY) was trading 0.10% lower at 98.83.