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

economictimes.indiatimes.com:

«Investors would now focus on Nivida earnings, US Fed meeting minutes, and UK inflation which will be released late today. Overall, we expect positive sentiments to continue in the market,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal.

Here's breaking down the pre-market actions:

STATE OF THE MARKETS

• Tech View: If the upward momentum continues, the index might move towards 22,750, with the potential to breach its all-time high of 22,794.70, said Om Mehra of SAMCO Securities.
• India VIX: India VIX, which is a measure of the fear in the markets, fell 1.56% to settle at 21.47 levels.

Stocks in F&O ban today

1) Vodafone Idea

2) Biocon

3) ZEE

4) Balrampur Chini Mills

5) Metropolis

6) IEX

7) Nalco

8) PEL

9) PNB

10) Hindustan Copper

11) India Cements

12) Bandhan Bank

13) AB Capital

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 were net sellers at Rs 686 crore on Wednesday. DIIs, meanwhile, bought shares worth Rs 962 crore.

Rupee
The rupee rose 2 paise to settle at 83.29 against the US dollar on Wednesday amid softening crude oil prices.

FII data
The net short of FIIs increased from Rs 2.11 lakh crore on Tuesday to Rs 2.19 lakh crore on Wednesday.

Q4 results
ITC, IndiGo, Honasa Consumer, Tata Investment among others will announce their fourth quarter earnings on Thursday.