Indian equities ended marginally lower in a range-bound session, ahead of the US Federal Reserve’s two-day policy meet starting September 16. Analysts expect the market to continue its consolidation, while tracking the US Fed policy outcome and progress in India-US trade talks.

STATE OF THE MARKETS
GIFT Nifty (Earlier SGX Nifty) signals a negative start
GIFT Nifty on the NSE IX traded lower by 26 points, or 0.10 per cent, at 25,154.50, signaling that Dalal Street was headed for a negative start on Tuesday.

Tech View: Until the index moves above the previous swing high of 25,150, the trend may remain uncertain. On the lower end, support is placed at 24,800. A fall below 24,800 might trigger further weakness in the index, while a move above 25,150 could induce a fresh rally.India VIX: India VIX, which is a measure of the fear in the markets, rose 2.7% to settle at 10.40 levels.
US stocks end higher
The three major U.S. stock indexes closed higher on Monday with the S&P 500 and the Nasdaq notching intraday record high closes, as investors await the Federal Reserve’s crucial policy meeting later this week.
S&P up 0.47%, Nasdaq gains 0.94%, Dow rises 0.11%Asian shares gain
Asian stocks posted modest gains at the open after Wall Street hit fresh highs ahead of an expected Federal Reserve interest-rate cut this week.
S&P 500 futures were little changed as of 9:23 a.m. Tokyo timeHang Seng futures rose 0.2%Japan’s Topix rose 0.1%Australia’s S&P/ASX 200 rose 0.3%Euro Stoxx 50 futures rose 1%Gold scales record peak
Gold prices scaled a record peak on Tuesday, supported by a weaker dollar ahead of the Federal Reserve’s policy meeting this week, where the central bank is widely expected to cut borrowing rates. ET logoLive EventsDollar on backfoot
The dollar traded near a 2-1/2 month low against the euro and close to a 10-month trough versus the risk-sensitive Aussie on Tuesday as investors cemented bets for a Federal Reserve interest rate cut this week and more to follow.
Oil steady
Oil prices held steady in early trade on Tuesday after rising in the previous session, as market participants contemplated potential supply disruption from Russia after Ukrainian drone attacks on its refineries.
Stocks in F&O ban today
1) RBL Bank
2) OFSS
3) HFCL
4) Angel One

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 bought shares worth Rs 1,268 crore on Monday. DIIs, meanwhile, were net buyers at Rs 1933 crore.

Rupee
The rupee witnessed range-bound trading and settled higher by 10 paise at 88.16 against the US dollar on Monday, as the domestic unit was caught between worries over US trade tariffs and hopes of a Fed rate cut.

FII Data
The position of FIIs in the futures market reduced from a net short of Rs 1.72 lakh crore on Friday to Rs 1.71 lakh crore on Monday.

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