Indian equities saw a broad-based selloff on Friday, led by IT stocks, dragging benchmarks sharply lower. Nifty fell 1.14% and Sensex dropped 1.29%, while India VIX rose 6%. Analysts flag heightened volatility amid US-Iran tensions, with charts indicating a bearish near-term trend. Nifty may drift towards 23,500, while 24,200 remains a key resistance level for any recovery.