Crude oil prices traded near 2-month lows on Tuesday morning after posting one of their biggest selloffs this year the previous day over Greece's rejection of debt bailout terms and China's stock market woes. Front-month Brent crude traded at $57.07 a barrel on Tuesday, following a more than 6 per cent fall the previous session.
Asian Paints was the top gainer in the Nifty-50 index, up 3.12 per cent to 808. as of 09.20 a.m. State-run BPCL traded 0.7 per cent higher at Rs 937.50.
Jet Airways traded 3 per cent higher at Rs 317.30, following an 11 per cent jump yesterday. SpiceJet edged up 1.3 per cent to Rs 19.90.
Nearly all tyre stocks traded higher led by Apollo Tyres, which was up 2.1 per cent at Rs 175.80. Ceat and MRF traded with 1.5-2 per cent gains.
However, upstream companies such as Cairn India and ONGC dipped tracking the selloff in crude prices. Cairn India was down 0.5 per cent at Rs 181.30.
Meanwhile, the broader Nifty traded 0.30 per cent higher at Rs 8,550 in morning trade.
