Indian equities slipped on Tuesday as the Sensex eased by about 100 points and the Nifty slipped below 24,100. Investors grew cautious amid Iran US conflict concerns, while oil prices surged. Despite the broad weakness, mid and smallcap indices gained, and India VIX fell—suggesting volatility cooled even as risk sentiment weakened.
Indian markets snapped a three-day losing streak, rising 0.8% as sentiment improved across Asia. Buying returned in large caps such as Reliance Industries and Sun Pharmaceuticals, with all sectoral indices closing higher. India VIX eased, signaling lower perceived risk, even as foreign investors sold and domestic institutions picked up shares amid an Iran crisis still unresolved.
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