India's equity benchmarks are set for a muted start on Wednesday, mirroring Asian peers, as investors await the U.S. Federal Reserve's rate decision later in the day. Traders will also be looking at developments around the US-India trade deal amid weakening rupee and consistent FII selling.

Nifty futures on the NSE International Exchange traded 58.20 points, or 0.22 per cent, down at 25,902, hinting at a negative start for the domestic market on Wednesday. Asian shares were on the mixed grounds on Wednesday. Nikkei was trading flat, while KOSPI edged lower. Hang Seng shed nearly half a per cent. Advertisement

"We expect the headline indices to remain range-bound in the near term, with stock-specific action and the broader market recovery likely to continue. Markets will track global cue

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