GIFT Nifty down 170 points; here's the trading setup for today's session

Indian stock markets saw a strong rally on Wednesday, with the Nifty and Sensex closing higher for the second consecutive session. Gains in banking, auto, and consumer stocks boosted market sentiment. The market experienced a pullback after a recent decline. Volatility is expected to continue due to global factors. The Indian Rupee saw a slight weakening.