Equities edged lower on Tuesday as early gains on the back of strong macro data were erased in the second half amid profit booking. Investors await the GST Council meeting beginning today, which could guide near-term sentiment.
STATE OF THE MARKETS
GIFT Nifty (Earlier SGX Nifty) signals a negative start
GIFT Nifty on the NSE IX traded lower by 47.50 points, or 0.19 per cent, at 24,618.50, signaling that Dalal Street was headed for a negative start on Wednesday.
Tech View: The daily RSI is in a bearish crossover with a reading below 50. In the short term, the trend is likely to remain weak. On the lower end, support is placed at 24,500, while on the higher end, resistances are placed at 24,700 and 24,850.India VIX: India VIX, which is a measure of the fear in the markets, rose 1% to settle at 11.40 levels.
US stocks end lower
Wall Street started off September on a sharply lower note on Tuesday as investors weighed the future of President Donald Trump’s tariffs after a federal appeals court ruled most of his sweeping tariffs illegal.
Dow down 0.6%, S&P 500 dips 0.7%, Nasdaq falls 0.8%
Asian shares down
Treasuries steadied in early Asian trading after a rush of corporate-debt sales and worries over developed-world budgets sent bonds and stocks lower.
Live EventsS&P 500 futures rose 0.1% as of 9:35 a.m. Tokyo timeJapan’s Topix fell 0.1%Australia’s S&P/ASX 200 fell 0.6%Euro Stoxx 50 futures rose 0.7%
Gold extends record run
Gold prices extended their record run on Wednesday, holding firm above the key $3,500 level, driven by growing investor confidence that the U.S. Federal Reserve will cut interest rates in September.Yen under pressure
The British pound and the yen came under pressure on Wednesday, following heavy selling stoked by renewed investor worries about the health of government finances globally and political uncertainty in Japan.Stocks in F&O ban today
NIL
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 1,159 crore on Tuesday. DIIs, meanwhile, were net buyers at Rs 2,549 crore.
Rupee
The rupee declined 5 paise to close at an all-time low of 88.15 against the US dollar on Tuesday, as Indo-US trade deal uncertainty and weak domestic equity markets pressured the local unit.
Add 
as a Reliable and Trusted News SourceFII Data
The position of FIIs in the futures market increased from a net short of Rs 1.72 lakh crore on Monday to Rs 1.8 lakh crore on Tuesday.