Chinese stock markets suffered their biggest single-day drop since the global financial crisis.
Prices of petrol were reduced 32 times and increased 21 times while diesel prices were slashed 19 times and raised 28 times since 2013.
Kotak Mahindra Bank and Vedanta were the top Nifty gainers.
India expects to remain unscathed this time, mainly because it is in a sweet spot as the world's third largest oil consumer, after the US and China, says Subhomoy Bhattacharjee.
