India, Sept. 25 -- Indian equities are expected to begin Friday's session on a cautious note as investors assess geopolitical developments in the Middle East, elevated crude oil prices and rising global bond yields. GIFT Nifty indicated a subdued opening, while mixed Asian markets and weaker US stock futures added to the cautious mood. Market participants are also tracking reports of discussions between the US and Iran over a possible phased resolution to the ongoing conflict. However, uncertainty surrounding the negotiations continues to weigh on investor sentiment.

Siddhartha Khemka, Head of Research, Wealth Management at Motilal Oswal Financial Services, said near-term market sentiment could remain under pressure amid uncertainty over...