Reuters Market Eye - The BSE Sensex and the Nifty are down around 0.5 percent each as oil prices recover after slumping on Monday, as traders question how quickly the Iranian nuclear accord could translate into higher supplies.
Indian shares rallied on Monday on hopes oil prices would slump after Iran clinched a nuclear deal with world powers.
Dealers say caution is also seen ahead of the expiry of November derivatives contracts on Thursday and July-September GDP data on Friday.
State-run oil companies fall on profit taking with Hindustan Petroleum Corp down 2.9 percent after surging 5.7 percent on Monday.
IT stocks fall, tracking a rebound in the rupee this week. Infosys is down 0.2 percent, while Tata Consultancy Services falls 0.9 percent.
BSE banking index falls 0.8 percent.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app