Market Dips: Nifty Closes Red at 26250 Amid Geopolitical Tensions, Profit Booking

• Indian benchmark indices closed negative on January 5, with Nifty down 0.30% to 26250.30 and Sensex down 0.38% to 85439.62.
• Profit booking occurred due to heightened geopolitical tensions following US military action in Venezuela.
• Global markets showed resilience; Asian indices like Japan's Nikkei and Korea's Kospi rose over 3%, European markets also gained.
• IT, Oil & Gas, Telecom sectors declined, while Realty, Consumer Durables, Metal, and FMCG indices saw gains.
• Experts forecast Nifty support at 26170-26200 and resistance at 26370-26400 for January 6; Bank Nifty also saw profit booking.

Why It Matters: Indian markets closed lower due to profit booking and geopolitical concerns; focus shifts to US data and Q3 results.