On Tuesday, the Nifty recovered 0.5% to close at 24,334 after touching a low of 24,115, supported by buying at lower levels, positive global cues and FII buying ahead of the monthly F&O expiry. Analysts say Indian equities are expected to see some recovery following the decline in crude oil prices. Brent crude fell 3.2% to around $89 per bbl, its lowest level in a week, as hopes of easing US-Iran tensions provided some relief to oil markets, while developments around Iran and the Strait of Hormuz remain key monitorable for oil prices, the rupee and foreign flows.
