Indian markets face bearish pressure as geopolitical tensions weigh on sentiment. Nifty closed below 24,500 at 24,378, snapping a three-day winning streak after the ceasefire deadline expired. GIFT Nifty signals a gap-down start of 163 points for Thursday's session. Foreign portfolio investors sold Rs 2,078 crore worth of shares while domestic investors were net sellers of Rs 1,078 crore. India VIX rose 4.3 percent to 18.30, reflecting increased market fear. Support levels are placed at 24,200, with potential downside towards 23,900 if breached. Oil prices remain volatile above $100 per barrel amid Iran-US tensions and Strait of Hormuz restrictions. The dollar strengthened near a 1.5-week high as investors reassess risk exposure. Analysts expect consolidation in the near term as markets monitor Middle East developments closely.
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