Domestic equities are likely to extend gains as benchmark indices ending above psychologically crucial levels on Monday has turned the trend bullish. Options data indicates further upside potential for Nifty 50, as the 18300 call option was the most actively traded on Monday, data showed. However, foreign investors could exercise caution ahead of the US Federal Reserve’s policy meeting starting Tuesday.Here’s breaking down the pre-market actions:STATE OF THE MARKETSSGX Nifty signals a positive startNifty futures on the Singapore Exchange traded 95 points, or 0.53 per cent, higher at 18,155.50, signaling that Dalal Street was headed for a positive start on Tuesday.Tech View: The short term trend remains up as Nifty 50 has moved above the previous swing high of 17919 and made higher bottoms over the last few weeks. The index could now attempt to test the recent intermediate high of 18096 points.India VIX: A further strength in the market indicated the risk-on sentiment among investors, which pulled down the fear gauge for the fourth straight session on Monday. The index ended nearly 1% down at 15.8025 points. Asian stocks edge higherAsian stocks inched up in cautious trading Tuesday amid higher bond yields and investor focus on central bank decisions and the pace of further interest rate hikes.S&P 500 futures rose 0.2% of 9:20 a.m. in Tokyo. The S&P 500 fell 0.8% on MondayNasdaq 100 futures rose 0.3%. The Nasdaq 100 fell 1.2%Japan’s Topix index rose 0.3%South Korea’s Kospi index rose 0.5%Australia’s S&P/ASX 200 Index rose less than 0.1%Hong Kong’s Hang Seng Index futures rose 1%US stocks end lower U.S. stocks lost ground on Monday, with the major indexes closing out a strong month of gains on a weaker foot, as investor focus turned to the Federal Reserve’s policy meeting this week.Dow down 0.39%S&P 500 slips 0.75% Nasdaq dips 1.03%Oil prices edge lowerOil prices inched lower on Tuesday, extending losses of 1% from the previous session as more extensive COVID-19 curbs in China increased fears of slowing fuel demand in the world’s second-largest oil consumer. Brent crude for January delivery was down 4 cents at $92.77 a barrel at 0112 GMT. The December contract expired on Monday at $94.83 a barrel, down 1%. U.S. West Texas Intermediate (WTI) crude fell 18 cents, or 0.2%, to $86.35 a barrel.FII/DII actionForeign portfolio investors (FPIs) remained net buyers of domestic shares.They net bought stocks worth Rs 4,179 crore on Monday, provisional data showed. DIIs remained net sellers to the tune of Rs 1,107 crore. Stocks in F&O ban todayNone. Securities in the ban period under the F&O segment include companies in which the security has crossed 95% of the market-wide position limit. Rupee: The Indian unit ended lower on Monday following the rise in the dollar against global currencies. It settled at 82.7800 a dollar against the previous close of 82.4700.MACRO NEWS The Eurozone economy expanded by 0.2% sequentially in the three months ended September. The annualized harmonised index of consumer prices (HICP) in the Eurozone rose a record 10.7% in October against a 9.9% rise in September, the data published by Eurostat showed. Earnings Tuesday41 companies are scheduled to report earnings for the quarter ended September. Adani Ports and Special Economic Zone, Sun Pharmaceutical, Tech Mahindra, and UPL are among the major ones. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)