Markets in the Asia-Pacific region were trading on a mixed note on Tuesday on lack of significant cues.
Share indices in Japan and Australia were largely trading flat. Markets in Hong Kong declined.
Brent crude was trading 0.04% lower at $73.53 a barrel. Gold was up 0.35% at $2,053.08 an ounce.
The GIFT Nifty was trading 0.06% higher at 21,423 as of 07:16 a.m.
Shares of Raymond Ltd. declined the most in over four weeks after it announced the sale of its fast-moving consumer goods business and a demerger of its consumer care and pure-play realty segments.
Shares of Mphasis Ltd. rose the most in four weeks as the company's Ebitda beat analyst estimates, despite declining in the fourth quarter of fiscal 2023.
S&P Global Ratings has upgraded Tata Motors Ltd. and TML Holdings Pte. to 'BB' rating on earnings improvements, potential deleveraging and stable outlook.
Shares of Kotak Mahindra Bank Ltd. advanced the most in 17 months on Tuesday, as analysts expect MSCI to increase the bank's weigh in May 2023 review because of the drop in foreign shareholding.
The FPI shareholding in the company fell from 42.7% to 41.2% sequentially in the fourth quarter of FY23. The drop in shareholding expanded the bank's foreign room to 25%.