Nifty on Oil Watch Again as Rally Resumes
Nifty 50 traded flat at 24,021.95 by midday Tuesday in Mumbai, losing early gains as new U.S. strikes in Iran dampened optimism over Middle East peace. The rupee fell 0.2% to 95.4325 per dollar after Brent crude jumped over 2%. Small- and mid-cap stocks outperformed, while tech shares rose and several blue chips lagged. Currency markets saw state-run banks selling dollars to limit rupee losses.