GIFT Nifty down 70 points; here's the trading setup for today's session

Nifty ended lower on Tuesday as investor sentiment weakened following fresh tariff threats from US President Trump over India’s continued imports of Russian oil. Analysts expect the market to remain range-bound, with focus on RBI’s monetary policy decision (due on Wednesday), where a status quo is anticipated on the rates.

STATE OF THE MARKETS
GIFT Nifty (Earlier SGX Nifty) signals a negative start
GIFT Nifty on the NSE IX traded lower by 70 points, or 0.28 per cent, at 24,670, signaling that Dalal Street was headed for negative start on Wednesday.

• Tech View: The current range is 24,400–24,850, and in the short term, the index is likely to remain within this band. Only a decisive move beyond this range might determine the next course of action for the market.
• India VIX: India VIX, which is a measure of the fear in the markets, fell 2% to settle at 11.71 levels.

US stocks end lower
U.S. stocks ended lower on Tuesday as investors weighed the impact of tariffs after Yum Brands and other companies cited trade duties in their results or outlooks.

• Dow dips 0.1%,
• S&P 500 falls 0.5%,
• Nasdaq down 0.7%

Asian shares mixed
Asian stocks struggled for direction at the open after weakening US services data fueled uncertainty about the Federal Reserve’s policy path.

• S&P 500 futures were little changed as of 9:14 a.m. Tokyo time
• Hang Seng futures fell 0.1%
• Japan’s Topix rose 0.6%
• Australia’s S&P/ASX 200 rose 0.5%
• Euro Stoxx 50 futures rose 0.2%

Gold extends gains
Gold prices extended gains for a fifth straight session on Wednesday, helped by prospects of lower U.S. interest rates, while investors looked forward to President Donald Trump's decision on Federal Reserve appointments.

Stocks in F&O ban today

PNB Housing

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 22 crore on Tuesday. DIIs, meanwhile, were net buyers at Rs 3,840 crore.

Rupee
The rupee depreciated 16 paise to close at 87.82 (provisional) against the US dollar on Tuesday, as risk-off sentiment deepened after US President Donald Trump renewed his threat to raise tariffs on Indian goods over New Delhi's continued purchases of Russian oil.

FII data
The position of FIIs in the futures market reduced from a net short of Rs 1.56 lakh crore on Monday to Rs 1.68 lakh crore on Tuesday.