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

Indian equities witnessed a pullback on Tuesday after the euphoria from the ceasefire-led rally settled. The Nifty declined 1.4% to close at 24,578, as investors booked profits after the index posted its biggest single-day gain since February 2021 on Monday.

Overall, while today’s dip marks a natural breather after the sharp gains yesterday, analysts' investor focus remains on evolving geopolitical signals, institutional flows, and upcoming macro data.

STATE OF THE MARKETS
GIFT Nifty (Earlier SGX Nifty) signals a positive start
GIFT Nifty on the NSE IX traded higher by 100.50 points, or 0.41 per cent, at 24,736.50, signaling that Dalal Street was headed for positive start on Wednesday.

• Tech View: In the short term, the index may continue its upward movement with the potential to reach 25,350. On the downside, support is placed at 24,400. A buy-on-dips strategy may be favorable as long as the index remains above this level."
• India VIX: India VIX, which is a measure of the fear in the markets, fell 1.05% to settle at 18.20 levels.

US stocks gain
The S&P 500 and the Nasdaq closed higher on Tuesday for a second straight day after softer-than-expected inflation numbers added to investor optimism from Monday when the U.S. and China announced a trade truce.

• Dow down 0.64%,
• S&P 500 up 0.72%,
• Nasdaq rises 1.61%

Asian shares mixed
Asian stocks traded in narrow ranges early Wednesday as investors waited for direction after US benchmarks wiped out their 2025 losses on signs trade tensions are easing and after US inflation was softer than forecast.

• S&P 500 futures were little changed as of 9:41 a.m. Tokyo time
• Hang Seng futures rose 1.1%
• Nikkei 225 futures (OSE) fell 0.1%
• Japan’s Topix fell 0.6%
• Australia’s S&P/ASX 200 was little changed
• Euro Stoxx 50 futures fell 0.2%

Oil gains
Oil prices held near two-week highs in early trading on Wednesday, supported by an agreement between the U.S. and China to temporarily lower their reciprocal tariffs and a falling U.S. dollar.

Gold falls
Gold prices edged lower on Wednesday as softening trade tension between the U.S. and China weakened safe-haven demand, while markets eyed another set of inflation data to assess the Federal Reserve's policy path.


Stocks in F&O ban today

1) CDSL

2) 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 bought shares worth Rs 1,246 crore on Tuesday. DIIs, meanwhile, were net buyers at Rs 1448 crore.

Rupee
The rupee pared most of its initial gains to settle 3 paise higher at 85.33 against the American currency on Tuesday, due to rising appetite for riskier assets amid easing trade tariff tensions.

FII data
The position of FIIs in the futures market turned from net long of Rs 153 crore on Monday to net short of Rs 36,500 crore on Tuesday.