Gift Nifty signals negative start for the day; here's the trading setup for the session

Indian stock markets saw a sharp correction on Wednesday. The Nifty closed 353 points lower, and the Sensex fell by 1066 points. Analysts suggest the market is oversold, and a pullback rally is possible. Global markets also experienced declines, influenced by trade tensions and bond market volatility. The Indian Rupee hit a record low against the US dollar.