Indian Markets Slip Despite Global Rally; Investor Caution Prevails Amid Uncertainty

• Indian equity benchmarks opened lower, with Sensex down 0.18% and Nifty down 0.09%, defying a strong global rally.
• Investor caution, global uncertainty, and upcoming economic data were cited as reasons for the subdued opening in India.
• Asian markets, including MSCI Asia-Pacific and Japan's Topix, extended record rallies, tracking Wall Street's new highs.
• US equities gained as financial and energy stocks surged, driven by expectations around Venezuela's oil sector.
• Oil prices eased, while the US dollar steadied ahead of key jobs data; gold remained near record highs reflecting lingering caution.

Why It Matters: Indian markets show caution despite global gains, driven by local concerns and valuations.