The market is rangebound in morning trade despite weakness in Asian peers due to escalated trade tensions between world's two largest economies US and China.
The Nifty continued to hold 10,800 levels as Brent crude futures extended losses, down 1 percent to trade below $73 a barrel on likely increase in output in the OPEC meeting later in the week.
The Sensex gained 16.61 points at 35,638.75 and the Nifty rose 2.50 points to 10,820.20.
Oil marketing companies IOC, HPCL and BPCL gained 2-3 percent on falling crude prices while TCS hits fresh record high after the buyback news.
Benchmark indices opened mildly lower on Monday following weakness in Asian peers amid escalated US-China trade tensions.
The Sensex slipped 16.67 points to 35,605.47 and the Nifty declined 8.00 points to 10,809.70.
BPCL, HPCL and IOC gained 2-3 percent after further fall in crude oil prices.
Tech Mahindra, ICICI Bank and HDFC Bank are early gainers.
Dr Reddy's Labs fell 2 percent. Vedanta, Hindalco Industries, UltraTech Cement, Tata Steel and ONGC are under pressure.
Nifty Midcap and Bank Nifty indices slipped 22 points each.
Jet Airways, SpiceJet, InterGlobe Aviation, Idea Cellular, TVS Motor Company, Castrol, Motherson Sumi and DCM Shriram gained up to 5 percent.
Avenue Supermarts, PVR, Vakrangee, Ruchi Soya, Dish TV, JSPL and Nalco fell up to 5 percent.
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