SynopsisThe Nifty slipped below 24,000, closing at 23,913 amid monthly F&O expiry and profit booking. Analysts suggest a gradual up-move could continue if crude oil prices remain soft, but geopolitical risks from US-Iran tensions are likely to keep investors cautious.Listen to this article in summarized formatAgenciesForeign portfolio investors net bought shares worth Rs 2,408 crore on Tuesday. DIIs, meanwhile, were net buyers at Rs 1,361 crore.On Tuesday, the Nifty remained volatile throughout the session and slipped below the 24,000 mark to close at 23,913 amid monthly F&O expiry, profit booking at higher levels and mixed global cues. Analysts say a gradual up-move in domestic markets could continue if crude oil prices remain soft and concerns surrounding global energy supplies continue to ease. However, investor sentiment is likely to remain cautious as mixed signals emerging from the ongoing US-Iran negotiations, along with recent US strikes on Iran, continue to keep geopolitical risks elevated across global financial markets.STATE OF THE MARKETSGIFT Nifty (Earlier SGX Nifty) signals a negative startGIFT Nifty on the NSE IX traded lower by 38.5 points, or 0.16 per cent, at 23,874.50, signaling that Dalal Street was headed for a negative start on Wednesday.Tech View: The broader short-term sentiment continues to remain positive, and the possibility of a rebound in the coming sessions cannot be ruled out. On the upside, 24,200 is likely to act as an immediate resistance; a sustained move above this level may trigger further upside momentum. On the downside, support is placed at 23,900. A decisive break below this level could lead to a correction towards 23,825.India VIX: India VIX, which is a measure of the fear in the markets, fell 3.4% to settle at 16.13 levels.S&P 500 ends higherThe S&P 500 hit a record closing high on Tuesday, while the tech-heavy Nasdaq notched further gains, as AI-fueled optimism offset concerns over Middle East peace talks, which were compounded by recent U.S. strikes on Iran.Asian shares climbAsian stocks climbed to a record, driven by renewed momentum in technology shares and easing geopolitical tensions. Oil slipped while the dollar weakened.S&P 500 futures were little changed as of 9:43 a.m. Tokyo timeHang Seng futures were little changedJapan’s Topix was little changedAustralia’s S&P/ASX 200 fell 0.1%Euro Stoxx 50 futures rose 0.3%Gold rises Gold ticked up on Wednesday, supported by a weaker dollar, as investors looked for signs of progress in peace negotiations between the United States and Iran and assessed the U.S. Federal Reserve's monetary policy outlook. Yen slipsThe yen hovered close to its May low versus the U.S. dollar on Wednesday, near levels that spurred Japanese currency intervention in recent weeks, as traders weighed the risks of a renewed flare-up in the Iran war.Stocks in F&O ban todayNILSecurities in the ban period under the F&O segment include companies in which the security has crossed 95% of the market-wide position limit.FII/DII actionForeign portfolio investors net bought shares worth Rs 2,408 crore on Tuesday. DIIs, meanwhile, were net buyers at Rs 1,361 crore.RupeeThe Rupee fell 47 paise to close at 95.73 against US dollar on Wednesday after registering three straight sessions of gain, on optimism that the US and Iran were moving close to a peace deal even though they remained at odds over key issues, including blockades on the Strait of Hormuz.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)Read More News on(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price...moreless(You can now subscribe to our ETMarkets WhatsApp channel)Read More News on(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price...moreless