On account of an Ram Navami the domestic market has closed for today and Asian markets remain subdued.
US crude oil dipped 4% to $41.46 a barrel from its peak of $42 on concerns that the producers meeting may not result in tightening of supply.
Japan’s Nikkei 225 index which was trading 0.34% lower at 16,853 and Hong Kong’s Hang Seng index was trading 0.20 percent lower at 21,310.
China shares remain subdued after data suggested that the world’s second largest economy grew at 6.7%.
Wall streek stock indexes ticked up a day after the S&P 500 index closed at its highest since early December.
The Dow Jones industrial average rose 21.44 points or 0.12% to 17,929,the S&P 500 gained 1.56 points, 0.07% to 2,083.98.
The Nasdaq composite added 3.02 points or 0.06% to 4,950.44.
