SynopsisIndian equity benchmarks concluded lower on Tuesday, August 11, with Nifty 50 falling below 24,500. Crude oil price rebound and F&O expiry volatility impacted investor sentiment significantly. Market momentum now shifts towards the upcoming U.S. Consumer Price Index data release. Foreign portfolio investors net bought shares worth Rs 258.55 crore on Tuesday. The Indian rupee traded weaker, declining around 15 paise to 95.43.iStockAnalysts say market momentum now shifts to the U.S. Consumer Price Index (CPI) data due on Wednesday, which is expected to provide fresh direction for global interest-rate expectations and broader market sentiment.Indian equity benchmarks ended lower on Tuesday, August 11, with Nifty 50 slipping below the 24,500 mark, as a rebound in crude oil prices and volatility associated with the weekly F&O expiry weighed on investor sentiment.Analysts say market momentum now shifts to the U.S. Consumer Price Index (CPI) data due on Wednesday, which is expected to provide fresh direction for global interest-rate expectations and broader market sentiment.STATE OF THE MARKETSGIFT Nifty (Earlier SGX Nifty) signals a positive start GIFT Nifty on the NSE IX traded higher by 13.0 points, or 0.05 per cent, at 24,528.0, signaling that Dalal Street was headed for a positive start on Wednesday.Tech View: The Nifty50 index has fallen below critical near-term moving averages, indicating some weakness in the short-term trend. However, on the lower end, 24,400 remains an immediate support, and any decline is likely to find buying interest around this level, according to Rupak De, Senior Technical Analyst at LKP Securities. On the higher end, resistance is placed at 24,600–24,650. “The sentiment is likely to remain positive as long as the index sustains above 24,400. However, the sentiment might weaken upon a decisive fall below 24400," said De.India VIX: India VIX, which is a measure of the fear in the markets, rose 3.73 % to settle at 11.79 levels.US Stocks fallWall Street ended lower on Tuesday, with Amazon and Alphabet dipping, as investors became more pessimistic about a potential deal to bring stability to the Middle East. The Strait of Hormuz will remain closed as long as the U.S. does not change its behavior and accept Iran's conditions ‌to end the war, ⁠the ⁠newly appointed secretary of Iran's Supreme National Security Council said.Asian SharesS&P 500 futures were little changed as of 9:47 a.m. Tokyo timeHang Seng futures fell 0.4%Japan’s Topix rose 0.5%Australia’s S&P/ASX 200 fell 0.4%Euro Stoxx 50 futures fell 0.1%Oil risesOil prices rose on Wednesday morning as ​doubts about a U.S.-Iran peace deal ​and attacks on two ships fuelled concerns about Middle East ​supply disruptions, even as industry data showed U.S. crude inventories expanded.Brent futures gained 72 cents, or 0.81%, to $89.63 a barrel by 0053 GMT, while U.S. West Texas Intermediate (WTI) crude climbed 71 cents, or 0.85%, ‌to $83.91.Dollar trades flatThe dollar traded sideways at the start of the Asian ​session on Wednesday, shrugging off ​renewed attacks on shipping in critical waterways in the Middle East, as ​currency markets awaited the release of inflation data later in the global day.Read Also: Ahead of Market: 10 things that will decide stock market action on WednesdayStocks in F&O ban today1) Bandhan Bank 2) SAILSecurities 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 258.55 crore on Tuesday, while DIIs added shares worth Rs 24.77 crore.RupeeThe Indian rupee traded weaker on Monday, declining around 15 paise to 95.43, as the recent rally in crude oil prices put pressure on the domestic currency.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. 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