Crude oil benchmark Brent was trading at $91.43 per barrel.
Domestic equities gauges Sensex and Nifty tumbled for their fourth straight session on Monday as participants remained cautious about geopolitical tensions in Eastern Europe.
Tracking deep losses in Asian markets, BSE Sensex tumbled nearly 700 points in opening session but staged a recovery to trade in positive territory as talks between US and Russia on Ukraine crisis raised hopes. The market panic had subsided.
The Sensex finally settled 149.38 points or 0.26 per cent lower at 57,683.59, while the broader NSE Nifty slipped 69.65 points or 0.40 per cent to 17,206.65.
Of the constituents of the Sensex, 21 stocks ended in the red, with Sun Pharma, TCS and ITC being the top gainers. In contrast, IT majors Wipro and Infosys were among the major gainers.
Elsewhere in Asia, reports of a possible meeting between US President Joe Biden and Russian President Vladimir Putin in its opening session raged on, but suffered heavy losses.
Biden has agreed to a meeting with Putin “in principle” as long as US officials believe an imminent attack on that country, Ukraine.
White House Press Secretary Jen Psaki said the administration was clear that “we are committed to advancing diplomacy until the invasion begins.”
Crude oil benchmark Brent was trading at $91.43 per barrel. On the forex market front, the rupee on Monday closed 11 paise higher at 74.55 against the US dollar. Foreign institutional investors continued their sell-off, offloading shares worth Rs 2,529.96 crore in the Indian capital market on Friday, data from the exchange showed.
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