Domestic markets ended lower on Monday, with the Nifty declining 0.5% to close below the 24,000 mark at 23,946. The weakness was driven by profit booking following renewed geopolitical tensions over the weekend, along with selling pressure in Information Technology and Auto stocks. Analysts say Indian equities are expected to remain cautiously optimistic amid renewed geopolitical tensions in West Asia. Market participants will closely monitor the US-Iran negotiations in Qatar, with initial discussions centred on ensuring safe navigation through the Strait of Hormuz.
STATE OF THE MARKETS