GIFT Nifty (Earlier SGX Nifty) signals a muted start

flat on Monday as concerns over continued FII selling, the imposition of tariffs by the US, ongoing geopolitical tensions between Russia and Ukraine continue to impact domestic market sentiments. Analysts expect the market to remain flat to negative on account of mixed global cues and lack of domestic triggers.

GIFT Nifty on the NSE IX traded lower by 20 points, or 0.09 per cent, at 22,124.50, signaling that Dalal Street was headed for muted start on Wednesday.

US stocks dip

US stocks ended lower on Tuesday, with the tech-heavy Nasdaq veering near correction territory, as trade tensions escalated following U.S. President Donald Trump's new tariffs on Canada, Mexico and China.

Dow -1.55%

S&P 500 -1.22%

Nasdaq -0.35%

Asian shares mixed

Stocks stayed volatile in Asia after US Commerce Secretary Howard Lutnick suggested the Trump administration may walk back some tariffs that sparked a global selloff in markets.

S&P 500 futures rose 0.7% as of 9:19 a.m. Tokyo time

Japan’s Topix rose 0.2%

Australia’s S&P/ASX 200 fell 0.8%

Euro Stoxx 50 futures fell 2.9%

Gold down

Gold prices inched lower on Wednesday, pressured by rising U.S. Treasury yields, while investors tracked developments surrounding the possible impact of U.S. President Donald Trump's tariffs on inflation and global trade.

Rupee

The rupee rebounded from initial losses and settled with a gain of 13 paise at 87.19 against the US dollar on Tuesday on the back of a weak American currency index and a sharp fall in crude oil prices.

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