Markets regulator Sebi on Tuesday came out with certain clarifications on transactions in the units of mutual funds and has also given guidelines for authentication in case of redemption of units. The clarifications pertain to transactions in units of mutual funds on stock exchange platforms and also for entities including online platforms other than exchanges.

At the interbank foreign exchange market, the rupee opened strong at 76.40 against the American dollar. However, it pared gains later to enter the negative territory as investors turned cautious amid intensifying Russia-Ukraine conflict. During the day, it moved in the range of 76.32 and 76.68. The local unit quoted at 76.60 against the dollar at 1530 hrs, down 6 paise from the previous close.

International oil prices, which shoot up since Russia invaded Ukraine, have swung about USD 40 per barrel in little more than a week. For India, the fall in oil prices is good news as it will lower the import bill of the world's third-biggest oil importer.

Stocks of new-age companies One97 Communications (Paytm’s parent), Zomato, FSN E-Commerce (Nykaa's owner), and PB Holdings’ Policybazaar and Cartrade Tech are in bleed mode.