SynopsisDomestic markets saw profit booking after recent gains, with the Nifty declining slightly. Indian equities are expected to see a gradual upmove, supported by global cues and earnings. Investors will monitor US jobs data and the RBI's monetary policy decision tomorrow. The India VIX, a fear gauge, rose to 12.19 levels. The rupee appreciated nine paise against the US dollar on Tuesday.Listen to this article in summarized formatGetty ImagesDomestic markets witnessed profit booking after four consecutive sessions of gains, with the Nifty declining 0.6%. Indian equities are expected to witness a gradual upmove, aided by supportive global cues, healthy domestic macroeconomic indicators, and encouraging corporate earnings. Investors will closely track the US jobs data later today, followed by the RBI's monetary policy decision tomorrow, and the UK and US Composite and Services PMI.STATE OF THE MARKETSGIFT Nifty (Earlier SGX Nifty) signals a positive startGIFT Nifty on the NSE IX traded higher by 128 points, or 0.52 per cent, at 24,707, signaling that Dalal Street was headed for a positive start on Wednesday.Tech View: The short-term trend is likely to remain sideways to positive as long as the index holds above 24,400. A decisive break below this level could trigger a deeper correction. On the downside, support is placed at 24,400 and 24,200, while on the upside, immediate resistance continues to remain at 24,800.India VIX: India VIX, which is a measure of the fear in the markets, rose 2% to settle at 12.19 levels.Read Also: Ahead of Market: 10 things that will decide stock market action on WednesdayUS stocks end higherThe S&P 500 and the Dow closed at record highs on Tuesday, powered by the latest batch of earnings from AI-related companies such as Caterpillar and Palantir that assuaged demand concerns, while crude prices and Treasury yields dropped on hopes for a deal in the Iran war.Asian shares gainAsian stocks tracked Wall Street higher after optimism over a possible interim deal between Washington and Tehran eased concerns about energy supplies. Oil extended its losses.S&P 500 futures rose 0.2% as of 9:52 a.m. Tokyo timeHang Seng futures rose 0.3%Japan’s Topix rose 1.5%Australia’s S&P/ASX 200 rose 0.2%Euro Stoxx 50 futures rose 0.4%Oil steadiesOil steadied on Wednesday after steep falls in the previous two trading sessions, as investors waited to see if efforts to end the U.S.-Iran war and restore traffic through the blockaded Strait of Hormuz were making progress.Gold risesGold inched up on Wednesday, aided by a softer dollar, while market participants strapped in for upcoming key U.S. jobs data for cues on the U.S. Federal Reserve's next monetary policy move. Stocks in F&O ban todayLICSecurities 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 actionForeign portfolio investors net bought shares worth Rs 2,446 crore on Tuesday. DIIs, meanwhile, were net sellers at Rs 936 crore.RupeeThe rupee appreciated 9 paise to close at 95.28 against the US dollar on Tuesday as foreign capital inflows amid signs of easing geopolitical tensions in West Asia boosted investor sentiment.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)Read More News on(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price...moreless(You can now subscribe to our ETMarkets WhatsApp channel)Read More News on(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price...moreless