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

Indian equities made solid gains on Monday, with the Nifty soaring by a record 917 points to close at 24,925 – a seven month high.

Looking ahead, market participants will closely track the release of key inflation data—India’s CPI and the US Core CPI, both scheduled for Tuesday.

Additionally, investors will watch quarterly results from major companies including Bharti Airtel, Tata Motors, among others which could drive sector-specific momentum. Analysts say positive momentum in Indian markets is likely to continue, driven by easing geopolitical tensions, progress on trade deals, and improving signs of economic stability.

STATE OF THE MARKETS
GIFT Nifty (Earlier SGX Nifty) signals a negative start
GIFT Nifty on the NSE IX traded lower by 160 points, or 0.64 per cent, at 24,915, signaling that Dalal Street was headed for negative start on Tuesday.

• Tech View: Nifty continues to sustain above a crucial moving average. Going forward, any dips are likely to be bought into as long as the index remains above 24,350. On the higher end, this leg of the rally might extend towards 25,350/25,750 in the short term.
• India VIX: India VIX, which is a measure of the fear in the markets, fell 14% to settle at 18.39 levels.

US stocks end higher
Wall Street's three major indexes rose sharply on Monday with the S&P 500 marking its highest level since early March as a U.S.-China agreement to temporarily slash tariffs brought some hopes for the easing of a global trade war, which U.S. President Donald Trump ignited in early April.

• Dow up 2.81%,
• S&P 500 gains 3.26%,
• Nasdaq rises 4.35%

Asian stocks gain
Asian stocks followed gains in US equities on optimism the US-China trade truce marks the end to an all-out tariff war.

• S&P 500 futures fell 0.2% as of 9:18 a.m. Tokyo time
• Hang Seng futures were little changed
• Japan’s Topix rose 1.7%
• Australia’s S&P/ASX 200 rose 0.9%
• Euro Stoxx 50 futures rose 1.6%

Gold steadies
Gold prices were steady on Tuesday as a U.S.-China agreement to pause tariffs for at least 90 days lifted risk appetite, diminishing bullion's safe-haven appeal, while investors awaited key U.S. inflation data for further economic cues.

Oil eases
Oil prices eased on Tuesday from a two-week high reached during the previous session after the U.S. and China agreed to temporarily slash tariffs, sparking optimism that a trade war between the world's two biggest economies would come to an end.

Dollar up
The dollar held strong gains on Tuesday as investors cheered a tariff deal between the United States and China to tap the brakes on a trade war between the world's two largest economies that had fed fears of a global recession.

Stocks in F&O ban today

1) CDSL

2) 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 net bought shares worth Rs 1,246 crore on Monday. DIIs, meanwhile, were net buyers at Rs 1448 crore.

Rupee
The rupee pared its initial losses and settled for the day higher by 34 paise at 85.37 against the US dollar on Monday, due to a recovery in Asian currencies and foreign portfolio inflows despite ongoing geopolitical tensions.