Sensex falls over 50 points, Nifty below 24,250 despite Iran-US mediation efforts

Sensex fell nearly 59 points to 77,650 while Nifty 50 dropped over 22 points to 24,216, despite Iran-US mediation efforts for a 10-day ceasefire that pulled Brent crude below $88 per barrel. Broader markets edged higher with Nifty Midcap 100 and Smallcap 100 posting marginal gains and positive breadth of 1,453 advances versus 775 declines on NSE. Experts remain cautious, noting that crude trajectory, geopolitical developments, and Q1 results will dictate near-term direction, with key Nifty resistance at 24,300-24,400 and immediate support at 24,100.