The markets started the week on a subdued note ahead of the key interest rate decision by the US Fed later this week. Analysts say Nifty continues to face resistance around the 24,800 level, with intermittent spikes in the volatility index (India VIX) adding to the challenges for bulls.

GIFT Nifty (Earlier SGX Nifty) signals a negative start

GIFT Nifty on the NSE IX traded lower by 38 points, or 0.15 per cent, at 24,668.50, signaling that Dalal Street was headed for negative start on Tuesday

Asian stocks gain

Equities in Asia rose ahead of interest-rate decisions by major central banks across the globe due later this week, including the Federal Reserve.

S&P 500 futures fell 0.1% as of 9:24 a.m. Tokyo time

Hang Seng futures fell 0.3%

Japan’s Topix rose 0.5%

Australia’s S&P/ASX 200 rose 0.5%

US stocks mixed

The Nasdaq closed at a record high on Monday and the S&P 500 also rose as investors gauged the latest economic data while looking toward the Federal Reserve's final policy announcement of the year later in the week to gauge the path of interest rates.

Dow off 0.25%,

S&P 500 rises 0.38%,

 Nasdaq up 1.24%

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