GIFT Nifty up 140 points; here's the trading setup for today's session

Equity markets recouped early losses and ended higher on Tuesday as US and Asian markets traded on a positive note. Going forward, analysts expect the Q2 results to conclude on a positive note, supported by better-than-expected performance from the broader market. "Near-term market direction will hinge on the ongoing earnings season and progress on the US–India trade discussions."

STATE OF THE MARKETS
GIFT Nifty (Earlier SGX Nifty) signals a positive start
GIFT Nifty on the NSE IX traded higher by 137.50 points, or 0.53 per cent, at 25,957.50, signaling that Dalal Street was headed for a positive start on Wednesday.

• Tech View: The overall trend looks positive, and a decisive move above 25,800 would confirm a bullish breakout, potentially opening the way for an upside toward 26,000 levels.
• India VIX: India VIX, which is a measure of the fear in the markets, rose 1.5% to settle at 12.49 levels.

US stocks mixed
Wall Street stocks were mixed on Tuesday, with Nvidia and other artificial intelligence-related companies falling on renewed concerns about elevated valuations, while markets monitored progress toward ending the longest U.S. government shutdown.

• S&P 500 +0.24%,
• Nasdaq -0.17%,
• Dow +1.02%

Asian shares gain
Asian shares edged up, with most companies rising but technology firms declining. Treasuries rose across the curve as cash trading resumed, after private-sector data showed a cooling US jobs market, boosting bets on an interest-rate cut by the Federal Reserve.

• S&P 500 futures were little changed as of 9:22 a.m. Tokyo time
• Hang Seng futures rose 0.4%
• Japan’s Topix rose 0.7%
• Australia’s S&P/ASX 200 rose 0.2%
• Euro Stoxx 50 futures rose 0.3%

Oil little changed
Oil prices were little changed on Wednesday after rising in the previous session amid expectations that an end to the longest-ever U.S. government shutdown could boost demand in the world's biggest crude consuming nation.

Dollar eases
The dollar eased on Wednesday after private-sector U.S. jobs data stoked worries about the health of the labour market, with investors also bracing for an imminent U.S. government reopening that is expected to unleash a backlog of economic releases.

Gold eases
Gold rose for a fourth straight session on Wednesday, supported by a weaker dollar and expectations that the reopening of the U.S. government and flow of economic data will strengthen bets for an interest rate cut from the Federal Reserve next month.

Stocks in F&O ban today

1) SAIL

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 803 crore on Tuesday. DIIs, meanwhile, were net buyers at Rs 2,188 crore.

Rupee
The rupee appreciated 23 paise to settle at 88.50 against the US dollar on Tuesday, amid progress on the US shutdown bill and optimism over the US-India trade deal.