GOOD MORNING PRE MARKET REPORT Nifty declined sharply, ending 320 points lower at 23,025 level pressured by consistent FII selling, uncertainty around Trump’s tariff policies and weaker than expected Q3 results by several companies. Analysts expect markets to remain under pressure in the near term amid mixed quarterly earnings and heavy FPI selling. GIFT Nifty (Earlier SGX Nifty) signals a positive start GIFT Nifty on the NSE IX traded higher by 33.50 points, or 0.15 per cent, at 23,150.50, signaling that Dalal Street was headed for positive start on Wednesday. India VIX: India VIX, which is a measure of the fear in the markets, rose 3.9% to settle at 17.06 levels US stocks gain Wall Street's main indexes rose on Tuesday, with the S&P 500 and the Dow closing at their highest levels in more than a month as investors assessed Donald Trump's first actions as U.S. president and were encouraged that he did not start his second term with blanket tariff increases. FII/DII action Foreign portfolio investors turned net sellers at Rs 5,920 crore on Tuesday. DIIs bought shares worth Rs 3,500 crore. Rupee The rupee pared initial gains and settled for the day lower by 13 paise to 86.58 against US dollar on Tuesday, tracking heavy sell-off in the domestic equity market and a recovery in the US dollar index. FII data The net short of FIIs increased from Rs 3.33 lakh crore on Monday to Rs 3.49 lakh crore on Tuesday.