Indian markets braced for sharp selloff as geopolitical tensions escalate.

Indian markets braced for sharp selloff as geopolitical tensions escalate. GIFT Nifty signals a gap-down opening with India VIX surging 4.9% to 13.7, reflecting elevated fear amid US-Iran conflict. Global equities tumbled overnight, with Asian shares falling 1.1% and US futures down 0.9%. Oil prices jumped over 8% as Middle East tensions disrupt shipments from critical producing regions. Gold climbed 2% as investors sought safety. Sector-specific impacts emerging: oil marketing companies, paints, tyres, aviation and chemicals face margin pressure from higher input costs, while upstream producers ONGC and Oil India benefit from stronger crude realisations. Defence stocks HAL and BEL could see sentiment support. Technical support for Nifty placed at 25,000 and 24,750 levels. FIIs sold Rs 7,536 crore worth shares on Friday while DIIs remained net buyers at Rs 12,293 crore.