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Benchmarks fluctuated between gains and losses in early trade. Nifty 50 rose 9 points, or 0.04%, to 23,833.10, while the Sensex slipped 48.37 points, or 0.06%, to 76,152.31.
Meanwhile, oil prices moved lower as traders monitored the gradual restoration of shipping activity through the Strait of Hormuz. Brent crude for August delivery fell 0.45% to $76.73 a barrel, while US West Texas Intermediate crude for August settlement declined 0.48% to $72.86 a barrel.
Elsewhere, Asian equities traded mixed on Wednesday as investors tracked whether technology stocks could recover after a broad sell-off in the US. South Korea’s Kospi rose 4.02% after a double-digit fall in the previous session. Japan’s Nikkei 225 slipped 0.06%, while Australia’s ASX 200 was nearly flat, up 0.01%.
