Indian equity markets closed on a mixed note on Wednesday, with the NSE Nifty 50 index ending at 23,907.15, down 6.55 points or 0.03%, and the BSE Sensex at 75,867.80, declining by 141.90 points or 0.19%. Investor sentiment was cautious amid continued foreign institutional investor (FII) selling and global uncertainties, particularly related to developments in West Asia. Despite this, midcap stocks showed stronger performance, buoyed by recovering domestic inflows. Vinod Nair, Head of Research at Geojit Investments, noted that while the main indices are range-bound, midcaps are entering a new growth phase. Sector-wise, Nifty Auto and Nifty Media were top gainers, while Nifty Financial Services and Nifty Private Bank saw declines. On the commodities front, Brent crude oil prices remained below USD 100 per barrel, and the Indian rupee traded stable at Rs 95.63 against the US dollar. Technical analysis indicates that Nifty faces resistance at 24,030-24,050, with support at 23,720-23,700.