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

Indian equity benchmarks ended on a negative note on Tuesday as broad-based selling pressure across sectors weighed on market sentiment. Looking ahead, progress on the US trade deal could provide near-term support to the markets. However, ongoing geopolitical concerns and the earnings season are likely to keep investor sentiment cautious in the near term.

Also, India said on early Wednesday that it has carried out Operation Sindoor hitting terrorist infrastructure in Pakistan and Pakistan-occupied Jammu and Kashmir. India targeted the terror infrastructure from where terrorist attacks against India have been planned and directed, the Indian Army said.

STATE OF THE MARKETS
GIFT Nifty (Earlier SGX Nifty) signals a negative start
GIFT Nifty on the NSE IX traded lower by 108.50 points, or 0.44 per cent, at 24,306, signaling that Dalal Street was headed for negative start on Wednesday.

• Tech View: From a technical perspective, Nifty had confirmed a structural breakout last week by surpassing the February–March swing highs in the 23800–23900 range. This breakout zone, which earlier acted as resistance, has now turned into a strong support area.
• India VIX: India VIX, which is a measure of the fear in the markets, rose 3% to settle at 19.00 levels.

US stocks down
US stocks were lower for a second straight session on Tuesday as comments from U.S. President Donald Trump and Treasury Secretary Scott Bessent provided little clarity to the timeline for any trade deals.

• Dow down 0.95%,
• S&P 500 dips 0.77%,
• Nasdaq falls 0.87%

Asian shares mixed
Equity futures pointed to gains in Hong Kong, with small declines in Tokyo and Sydney.

• Hang Seng futures rose 1.3% as of 7:20 a.m. Tokyo time
• S&P/ASX 200 futures fell 0.4%
• Nikkei 225 futures fell 0.3%
• S&P 500 futures rose 0.8%

Gold slips
Gold prices fell on Wednesday as optimism over potential U.S.-China trade talks weakened demand for safe-haven assets, while investors braced for the Federal Reserve's policy meeting later in the day.

Oil rises
Oil prices rose on Wednesday on signs of weakening production in the U.S. and higher demand in Europe and China as buyers emerged after prices fell to new lows earlier in the week.


Stocks in F&O ban today

1) RBL Bank

2) CDSL

3) 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 3,794 crore on Tuesday. DIIs, meanwhile, were net sellers at Rs 1,398 crore.

Rupee
The rupee settled for the day 5 paise lower at 84.35 against the US dollar on Tuesday, amid growing uncertainty and a cautious recalibration of risk appetite.