Indian Markets Fall Amid Geopolitical Tensions; GIFT Nifty Signals Possible Rebound

Indian stock markets experienced a sharp decline on Wednesday due to rising geopolitical tensions between the US and Iran, with the Nifty 50 falling 385 points and Sensex dropping over 1,100 points. However, early Thursday trading indicated a potential rebound, as GIFT Nifty futures suggested a positive open supported by gains in Asian markets, including South Korea's Kospi and Japan's Nikkei. Brent crude and gold prices continued to rise amid supply concerns and ongoing regional instability. Analysts view the 24,300 level as key support for Nifty, with resistance near 24,600.