Gift Nifty signals gap-down start as geopolitical tensions escalate. Nifty futures traded over 300 points lower at 23,775, reflecting market concerns after US-Iran peace talks collapsed. The dollar climbed to a one-week high at 99.187 as the US Navy enforced a blockade on Iranian ports, while oil prices surged past $100 a barrel with Brent crude jumping nearly 8% to $102.80. Despite Friday's strong rebound after six consecutive weeks of decline, Monday's opening faces headwinds from rising global uncertainties and Trump's escalating rhetoric. India VIX fell 8% to 18.85 levels, though sentiment remains cautious. FPI inflows of Rs 672 crore on Friday provided some support, but the rupee weakened 32 paise to 92.83 against the dollar. Technical analysts note bulls retained control above the 24,000 mark, with potential upside toward 24,300-24,500 if short-covering rallies materialize.
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