Markets poised for cautious consolidation as geopolitical tensions persist. Indian indices showed mixed signals Monday with GIFT Nifty up 140 points, yet broader sentiment remains fragile. Foreign portfolio investors net sold Rs 8,827 crore Friday while domestic institutions bought Rs 4,700 crore, signaling divergent investor sentiment. Nifty faces technical resistance near 100 EMA with potential downside toward 23,500 levels. Geopolitical uncertainties surrounding US-Iran negotiations and Strait of Hormuz disruptions continue pressuring crude oil prices upward to $106.78 per barrel. This energy price elevation impacts rupee strength and equity valuations. India VIX climbed 6.04 percent to 19.71, reflecting elevated market fear. Global markets showed resilience with S&P 500 and Nasdaq closing at record highs Friday on semiconductor optimism. Asian shares gained 1.
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