Key benchmark indices were trading lower in early trade. At 9:27 IST, the barometer index, the S&P BSE Sensex, was down 23.17 points or 0.07% at 35,330.91. The Nifty 50 index was down 15.45 points or 0.15% at 10,613.15. Mixed cues from other Asian shares triggered profit selling after Monday's strong rally.

Among secondary barometers, the BSE Mid-Cap index was down 0.06%. The BSE Small-Cap index was up 0.11%

The market breadth, indicating the overall health of the market, was almost even. On BSE, 611 shares rose and 609 shares fell. A total of 63 shares were unchanged.

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US stocks closed higher Monday as retail shares rallied on expectations of strong sales as shoppers went hunting for deals on Cyber Monday. Stable oil prices and global equities gains also soothed sentiment after a bruising week of losses.

Crude oil prices clawed back some of last week's steep losses and jumped overnight. In the global commodities markets, Brent for January 2019 settlement jumped $1.68 a barrel or 2.86% to settle at $60.48 a barrel during the previous trading session. Prices fell to their lowest levels in more than a year on Friday amid growing worries of an oversupply in the oil market.