GOOD MORNING PRE MARKET REPORT The markets continued their consolidation phase, shedding nearly a percent as the corrective trend persisted last week. Persistent selling by FIIs, mixed corporate earnings, and a sharp rise in crude oil prices dampened investor sentiment. Looking ahead, analysts anticipate the market to maintain a cautious tone next week due to several domestic and global factors. Key corporate earnings from heavyweights such as Hindustan Unilever, HDFC Bank, ICICI Bank, BPCL, and Hindustan Petroleum are slated for release. Tech View: The short-term trend of the Nifty remains weak amidst range movement. A decisive upside above 23,400 could only open renewed buying enthusiasm in the market. Immediate support is placed at 23,100, India VIX: India VIX, which is a measure of the fear in the markets, rose 1.83% to settle at 15.75 levels FII/DII action Foreign portfolio investors turned net sellers at Rs 3,318 crore on Friday. DIIs bought shares worth Rs 2,573 crore. Rupee The rupee traded in a tight range and settled just 1 paisa higher at 86.60 against the US dollar on Friday, as massive outflow of foreign funds and falling domestic equity markets dented investors' sentiment.