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The GIFT Nifty, an early indicator of Nifty 50's performance, traded at 24,045, pointing to a firm opening for Indian markets. On Friday, Indian equity benchmarks closed lower for a third consecutive session, led by losses in information technology and pharma stocks. The Nifty 50 ended at 23,898, down 1.14%, while the Sensex fell nearly 1,000 points, or 1.3%, to 76,664.21.
Asia-Pacific markets mostly moved higher as investors looked beyond fresh diplomatic setbacks between the US and Iran, even as tensions in the Middle East kept oil prices firm. Japan's Nikkei 225 advanced 0.53% to a record high, while South Korea's Kospi rose 1% and also touched a new peak. Australia's S\&P/ASX 200 moved lower, falling 0.54%.