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

The Indian equity market is poised to open higher on Tuesday, recovering after experiencing its sharpest single-day drop in 10 months, triggered by a selloff fueled by U.S. tariffs that sparked investor anxiety.

The total market capitalisation of BSE-listed companies plunged by Rs 14 lakh crore on Monday. Analysts say the recent downturn in the market has resulted in unprecedented lows for the calendar year, prompting participants to adopt a more cautious approach as they navigate these challenging times.

STATE OF THE MARKETS
GIFT Nifty (Earlier SGX Nifty) signals a gap-up start
GIFT Nifty on the NSE IX traded higher by 334 points, or 1.48 per cent, at 22,654, signaling that Dalal Street was headed for gap-up start on Tuesday.

• Tech View: On the support levels, we anticipate that 22000-21800 to serve as a cushion, helping to stabilize the market amid the heightened volatility. Nonetheless, any breach below this specified support level, in conjunction with the 'Downward Sloping Channel' identified on the daily chart.
• India VIX: India VIX, which is a measure of the fear in the markets, rose 65% to settle at 22 levels.

S&P 500, Dow close lower
The S&P 500 and the Dow closed lower on Monday after a roller coaster session, with investors worried about an economic slowdown and rising inflation as U.S. President Donald Trump dug in his heels on tariffs, warning he could further increase levies on China.

• S&P 500 falls 0.23%,
• Nasdaq rises 0.10%,
• Dow off 0.91%

Asian shares gain
Asian stocks gained at the open after a volatile session in the US, snapping a global selloff from concerns President Donald Trump’s trade war will hurt economic growth. US equity-index futures rose in early trading.

• S&P 500 futures rose 1.4% as of 9:16 a.m. Tokyo time
• Hang Seng futures fell 0.6%
• Japan’s Topix rose 6%
• Australia’s S&P/ASX 200 rose 1.1%
• Euro Stoxx 50 futures fell 5.2%

Gold rises
Gold prices edged higher on Tuesday from a near four-week low reached in the previous session, as heightened concerns over the global trade war between the United States and its key trading partners lifted demand for safe-haven assets.

Oil climbs
Oil prices rose more than 1% on Tuesday, rebounding after a hefty selloff in recent sessions led by concerns that U.S. tariffs might depress demand and lead to a global recession.


Stocks in F&O ban today

1) BirlaSoft

2) Hindustan Copper

3) Manappuram

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 turned net sellers at Rs 9,040 crore on Monday. DIIs bought shares worth Rs 12,122 crore.

Rupee
The rupee declined 32 paise to settle at 85.76 against the US dollar on Monday amid the wide-spread global turbulence over escalated tariff war and fear of a global economic slowdown.

FII data
The net short of FIIs increased from Rs 86,592 crore on Friday to Rs 1.07 lakh crore on Monday.