Traders are also concerned over oil supplies amid attacks by rebel group Houthis on ships. While Maersk on Tuesday announced that it may reroute some of its vessels around Africa’s Cape of Good Hope, the US and a host of other nations are creating a new force to protect ships transiting the Red Sea that have come under attack by drones and ballistic missiles fired from Houthi-controlled areas of Yemen.
Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading 0.04 per cent lower at 102.13 on Tuesday.
Global oil price benchmark Brent crude was almost flat at $77.95 per barrel.
In the domestic equity market, the 30-share BSE Sensex settled 122.10 points or 0.17 per cent higher at 71,437.19. The broader NSE Nifty rose 34.45 points or 0.16 per cent at 21,453.10.
Foreign institutional investors (FIIs) were net sellers in the equity market on Monday as they offloaded shares worth Rs 33.51 crore, according to exchange data.
