

GIFT Nifty down 9 points; here's the trading setup for today's session
«Going forward, US Fed policy outcome which is due on Wednesday would provide cues to the mark,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal.
Here's breaking down the pre-market actions:
STATE OF THE MARKETS
GIFT Nifty (Earlier SGX Nifty) signals a muted start
GIFT Nifty on the NSE IX traded lower by 9 points, or 0.05 per cent, at 19,131, signaling that Dalal Street was headed for muted start on Wednesday.
- Tech View: A decisive move above the hurdle of 19300 could open the next upside target of 19600 levels in the near term. Further weakness from here could find support around 19000-18950 levels, said Nagaraj Shetti of HDFC Securities.
- India VIX: India VIX, which is a measure of the fear in the markets, rose 5.36% to settle at 11.49 levels.
US stocks up
Wall Street's main indexes ended Tuesday's session with gains as investors looked ahead to the Federal Reserve's monetary policy update while they digested a mixed batch of earnings reports.
- Dow up 0.38%,
- S&P rises 0.65%,
- Nasdaq gains 0.48%
Oil gains
Oil prices edged up in early Asian trade on Wednesday ahead of key global central bank meetings this week including the U.S. Federal Reserve, as the market also closely watches the latest developments in the Israel-Hamas conflict.
Asian shares rise
The yen strengthened from near its weakest level this year after Japan’s foreign exchange chief said he was on standby for intervention. Shares in Asia opened stronger following an advance on Wall Street.
- S&P 500 futures fell 0.2% as of 9:13 a.m. Tokyo time. The S&P 500 rose 0.7%
- Nasdaq 100 futures fell 0.2%. The Nasdaq 100 rose 0.5%
- Japan’s Topix rose 2%
- Hang Seng futures fell 0.2%
- Australia’s S&P/ASX 200 rose 0.3%
Yen slips
The yen wobbled