Prices have rebounded since plunging to near 13-year lows below $30 in February but are still well short of peaks of more than $100 a barrel reached in June 2014.
A meeting of the OPEC exporters’ group, including Iran, is scheduled for June 2.
The 30-share barometer declined 210.46 points, or 0.81 per cent, to 25,563.15, with auto, banking, IT, FMCG, metal and realty sector stocks leading the fall.
Benchmark BSE Sensex tumbled by 210.46 points or 0.81 per cent to 25,563.15 in early trade.
Japan reports its economy grew at a better than expected 1.7 percent annual pace in March, as higher government outlays helped offset weakness in business investment and exports.
The funds will also help improve the accuracy and reliability of data collection, which can reveal at a large scale who owns assets like land, property or credit.
Over the past few months, Flipkart has also faced a series of markdowns from its investors.
The dollar notched its session high of 109.27 yen just ahead of the GDP release, and subsequently fell as low as 108.73.
The metal for delivery in far-month August contracts was up by Rs 57, or 0.19 per cent, at Rs 30,335 per 10 gm in a turnover of 45 lots.
Chinese crude refineries also processed crude at record rates in April while production dipped to a 14-month low, Bloomberg News reported citing government data released at the weekend.
The 30-share index rose by 117.35 points or 0.46 per cent to 25,606.92 with sectoral indices led by realty, healthcare, IT, auto and capital goods, rising by up to 0.80 per cent.
On December 16 last year, the apex court banned sale of all diesel cars/SUVs with an engine capacity of 2,000 cc or more till March 31.
The dollar index slumped 0.5 per cent against a basket of major global currencies on Wednesday, pushing the yuan sharply stronger in the Chinese market’s evening trade.
Two-thirds of India’s gold demand comes from villages, where jewellery is traditionally used for investment.
Investments from Mauritius and Singapore account for a big chunk of foreign portfolio funds coming into the Indian stock market.