Pre-market action: Here's the trade setup for today's session

Domestic equities fell down on Monday, weighed down by the rising geopolitical tensions between Russia and Ukraine. However, Nifty managed to recoup early losses to close on a flattish note. Analysts expect the market to continue its consolidation amid weak global cues, although downside may be limited due to strong domestic macros and a potential boost from the anticipated RBI rate cut.

STATE OF THE MARKETS
GIFT Nifty (Earlier SGX Nifty) signals a positive start
GIFT Nifty on the NSE IX traded higher by 62.50 points, or 0.25 per cent, at 24,727, signaling that Dalal Street was headed for positive start on Wednesday.

• Tech View: Technically, very short-term support is placed at 24,500. A fall below this level may trigger an increase in short positions, potentially leading to a swift decline towards 24,000. On the other hand, if the Nifty holds above 24,500, it could see a recovery towards the 24,700–24,750 zone in the near term.
• India VIX: India VIX, which is a measure of the fear in the markets, fell 3.5% to settle at 16.56 levels.

US stocks close higher
US stock indexes closed higher on Tuesday, helped by gains in Nvidia and other chipmakers, as investors awaited possible negotiations between the United States and its trading partners for more clarity on Washington's tariff plans.

• Dow up 0.51%,
• S&P 500 rises 0.54%,
• Nasdaq gains 0.81%

Asian shares rise
Asian stocks rose at the open after data showed the US labor market is holding up despite concerns about risks from President Donald Trump’s tariff war.

• S&P 500 futures were little changed as of 9:15 a.m. Tokyo time
• Japan’s Topix rose 0.5%
• Australia’s S&P/ASX 200 rose 0.5%
• Euro Stoxx 50 futures rose 0.2%

Gold steady
Gold prices held steady on Wednesday as the uncertainty over U.S.-China trade relations offset the impact of strong U.S. jobs data that boosted risk appetite.

Dollar dips
The dollar drifted lower on Wednesday as the market looked ahead to U.S. employment data for immediate trading cues, while waiting on developments in President Donald Trump's tariff negotiations with key trading partners including China.

Oil falls
Oil prices edged lower in early Asian trade on Wednesday, weighed down by a loosening supply-demand balance following increasing OPEC+ output and lingering concerns over the global economic outlook due to tariff tensions.

Stocks in F&O ban today

Manappuram
Securities in the ban period under the F&O segment include companies in which the security has crossed 95% of the market-wide position limit.

FII/DII action
Foreign portfolio investors net sold shares worth Rs 2,853 crore on Tuesday. DIIs, meanwhile, were net buyers at Rs 5908 crore.

Rupee
The rupee depreciated 22 paise to settle at 85.61 against the US dollar on Tuesday, weighed down by a firm American dollar, while selling pressure in secondary markets added further weakness to the currency.

FII data
The position of FIIs in the futures market increased from a net short of Rs 89,066 crore on Monday to Rs 1.04 lakh crore on Tuesday.