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"We expect the Nifty to continue its positive trend, on the back of a healthy earning season and macro data. Investors will watch out for European consumer Confidence data and China Manufacturing & Non-Manufacturing data on the economic front," 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 positive start
GIFT Nifty on the NSE IX traded higher by 19 points, or 0.08 per cent, at 22,784, signaling that Dalal Street was headed for positive start on Tuesday.
- Tech View: The short-term uptrend of Nifty seems to have resumed after one day of weakness. The next upside levels to be watched are around 22800-22900. Immediate support is at 22500, Nagaraj Shetti of HDFC Securities said.
- India VIX: India VIX, which is a measure of the fear in the markets, rose nearly 12% to settle at 12.24 levels.
US stocks gain
US stocks ended higher on Monday, with sharp gains for Tesla and Apple leading the way, as investors looked toward what the Federal Reserve would say about the interest rate outlook after its policy meeting this week.
- Dow up 0.38%,
- S&P rises 0.32%,
- Nasdaq gains 0.35%
Asian stocks advance
Asian stocks advanced Tuesday after Wall Street was bolstered by a strong start to the earnings season led by the “Magnificent Seven” big-tech companies.
- S&P 500 futures were little changed as of 9:24 a.m. Tokyo time
- Hang Seng futures were little changed
- Japan’s Topix rose 1.4%
- Australia’s S&P/ASX 200 was little changed
- Euro Stoxx 50 futures fell 0.4%
Oil dips
Oil edged down in early trade on Tuesday after Israel-Hamas ceasefire talks in Cairo helped quell market fears of an expanded conflict in the Middle East, while worries about the outlook for U.S. interest rates weighed on the market.
Stocks in F&O ban today
1) Vodafone Idea
2) Biocon
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 (FPIs) were net buyers at Rs 169 crore on Monday. DIIs, meanwhile, bought shares worth Rs 692 crore.
Rupee
The rupee declined by 7 paise to close at 83.45 against the US dollar on Monday as investors remained cautious ahead of the US Federal Reserve's monetary policy decision.
FII data
The net short of FIIs reduced from Rs 99,077 crore on Friday to Rs 45,984 crore on Monday.
Q4 results
IOC, Adani Energy, Adani Total Gas among others will announce their fourth quarter earnings on Wednesday.
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(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2024 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)
Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.
Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price