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

Domestic equities consolidated for the second consecutive session, after a sharp rally last week. In the near term, analysts expect the market to remain firm with continued action in sectors and broader market. Companies scheduled to report earnings today include Dixon Technologies, Max Healthcare, Hindalco, Torrent Pharma, among others.

STATE OF THE MARKETS
GIFT Nifty (Earlier SGX Nifty) signals a positive start
GIFT Nifty on the NSE IX traded higher by 92.50 points, or 0.37 per cent, at 22,081.50, signaling that Dalal Street was headed for positive start on Tuesday.

• Tech View: For day traders, now 25,000 would act as a trend decider level. Below this, we could see an intraday correction down to 24,850-24,800. On the other hand, a breach of 25,000 could change the sentiment. Above this, the market could rally up to 25,100-25,150.
• India VIX: India VIX, which is a measure of the fear in the markets, rose 4.9% to settle at 17.36 levels.

Stocks in F&O ban today

1) Titagarh Wagons

2) Manappuram

3) Hindustan Copper

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.

US stocks unchanged
U.S. stocks finished near the unchanged mark on Monday with market sentiment weakened by the downgrade of the federal government's perfect sovereign credit rating owing to its huge debt profile.

• Dow up 0.32%,
• S&P 500 rises 0.09%,
• Nasdaq gains 0.02%

Asian shares gain
Asian shares rose for the first time in four days, mirroring gains in the US that placed the S&P 500 index on the brink of a bull market.

Dollar muted
The dollar traded sideways on Tuesday after having glided lower for a week, hemmed in by the Fed's caution over the economy and as U.S. lawmakers came closer to passing a bill expected to widen the nation's fiscal deficit.

Gold eases
Gold prices eased on Tuesday, as a firmer dollar and optimism over a potential ceasefire between Russia and Ukraine dampened investor demand for safe-haven assets.

Oil rises
Oil prices edged up on Tuesday on a potential breakdown in talks between the U.S. and Iran over Tehran's nuclear program and the weakened prospects of more Iranian oil supplies entering the global market.


FII/DII action
Foreign portfolio investors net bought shares worth Rs 526 crore on Monday. DIIs, meanwhile, were net buyers at Rs 238 crore.

Rupee
The rupee appreciated 15 paise to settle at 85.42 against the US dollar on Monday, on weak US dollar index and a decline in crude oil prices.

FII data
The position of FIIs in the futures market stayed flat at Rs 23,325 crore on Friday to net short of Rs 23,498 crore on Monday.