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The S&P BSE Sensex started on a cautious note with a mild positive bias in morning trade on Tuesday, led by gains in ITC, RIL, Axis Bank, Maruti Suzuki, and L&T. The Nifty50 was trading above its crucial support level of 7600 supported by gains in oil & gas, power, realty, capital goods, and auto stocks. 

Indian stocks fell more than 1 percent on Monday, posting their biggest single-day fall in five weeks, as investors booked profit in recent outperformers ahead of a busy week of events, including the expiry of domestic derivative contracts.