Markets poised for cautious trading as macro headwinds persist.

Markets poised for cautious trading as macro headwinds persist. Foreign portfolio investors net sold Rs 1,597 crore on Wednesday while domestic institutional investors offloaded Rs 1,968 crore, signaling weak sentiment. GIFT Nifty signals a positive start, trading up 0.70 percent at 23,811.50, but analysts warn that sustained weakness below 23,800 could trigger further declines. The broader market remains subdued amid rupee weakness, elevated crude oil near $111 per barrel, and elevated US bond yields tightening financial conditions. Wall Street bounced back with gains exceeding one percent, led by technology and chip stocks ahead of Nvidia earnings. Asian equities followed higher as US-Iran peace talks eased Middle East tensions, pulling down crude and bond yields. Oil rebounded on supply concerns while the dollar pulled back from six-week peaks. India VIX fell 1.26 percent to 18.