Indian equities face heightened fragility as geopolitical tensions weigh on sentiment. Foreign investors net sold Rs 7,558 crore on Thursday while domestic buyers added Rs 3,864 crore. GIFT Nifty signals a positive Friday start, trading 75 points higher at 23,195. However, analysts warn a decisive break below 23,000 could trigger further downside toward 22,700. India VIX surged 22 percent to 22.80, reflecting elevated market fear. Global markets showed mixed signals as US stocks declined on inflation concerns from rising oil prices, though Asian equities opened higher on hopes of de-escalation in West Asia tensions. Oil prices retreated as major nations coordinated efforts to secure shipping lanes. Gold inched up despite headwinds from a stronger dollar and hawkish Fed stance. The rupee weakened to a fresh record low of 92.63 against the dollar amid continued foreign fund outflows.
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