Indian Markets Bounce Back on Cooling Crude Oil Prices

The Indian equity markets traded on a flat note, with a positive bias at the opening of Tuesday's session. The Nifty 50 was up 25 points or 0.10% to trade at 24,020, while Sensex surged 74 points or 0.10% to trade at 76,909.56.

The markets had a muted start due to negative Asian cues and the global market's mixed performance. The GIFT Nifty indicated a negative start for Indian markets, down 59 points or 0.25%. However, the cooling crude oil prices helped the markets bounce back into the green zone.

Tech Mahindra, Tata Consultancy Services, Infosys, Cipla, and HCL Technologies were the top gainers in the Nifty 50. The global markets, on the other hand, were trading mainly in the red despite a fall in crude oil prices. Brent Crude was trading below the $90 a barrel mark.