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

Domestic equities ended higher for the third consecutive session with Nifty crossing the crucial 25,000 mark. With this move, analysts said market sentiment remains constructive. Stock-specific action is expected to dominate in the near term as the Q2 results season unfolds, with sectors such as banking, IT, capital goods, and consumption likely to remain in focus.

STATE OF THE MARKETS
GIFT Nifty (Earlier SGX Nifty) signals a muted start
GIFT Nifty on the NSE IX traded lower by 21 points, or 0.08 per cent, at 25,158, signaling that Dalal Street was headed for a muted start on Tuesday.

• Tech View: Momentum indicators and oscillators have begun to strengthen, suggesting a continuation of the upward move. If the index sustains above the 25,020 mark, a further rally towards 25,500 in the October series appears likely.
• India VIX: India VIX, which is a measure of the fear in the markets, rose 1.3% to settle at 10.19 levels.

S&P 500, Nasdaq close higher
The S&P 500 and the Nasdaq advanced on Monday, as artificial intelligence-related dealmaking boosted investor sentiment even as the U.S. government shutdown extended through its sixth day. The Nasdaq and the S&P 500 reached record closing highs, while the blue-chip Dow inched lower.

• S&P 500 up 0.36%,
• Nasdaq rises 0.71%,
• Dow down 0.14%

Japan shares gain
Japanese shares rallied for a second day following the election of a pro-stimulus lawmaker as the country’s next leader.

• S&P 500 futures fell 0.2% as of 9:14 a.m. Tokyo time
• Japan’s Topix rose 0.6%
• Australia’s S&P/ASX 200 fell 0.4%
• Euro Stoxx 50 futures fell 0.4%

Oil steady
Oil prices were steady on Tuesday, with sentiment toward a smaller-than-anticipated OPEC+ output hike dulled by weakening global demand and the potential for a supply glut.

Gold rises
Gold prices rose to an all-time high on Tuesday, extending gains to a third session on U.S. economic and political uncertainties and expectations of further interest rate cuts by the Federal Reserve.

Stocks in F&O ban today

1) RBL Bank

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 313 crore on Monday. DIIs, meanwhile, were net buyers at Rs 5,036 crore.

Rupee
The rupee consolidated in a narrow range to settle 3 paise lower at an all-time low of 88.82 against the US dollar on Monday, as a strengthening greenback in the overseas market and an overnight jump in crude oil prices pressurised the domestic unit.