Pre Market Analysis & Global Cues - 01 June, 2026

Global markets are looking much better this morning after the sharp selling seen on Friday. Asian markets are trading strongly in green, with Korea leading the rally. Taiwan, Japan, Hong Kong and most other Asian indices are also showing good gains. US futures are positive and Gift Nifty is pointing towards a recovery opening for Indian markets. The biggest support is coming from crude oil. Brent crude is now near $93, which is much lower than the levels seen a couple of weeks ago. For India, lower crude oil prices are always a positive because they reduce pressure on inflation, fuel costs and imports. One thing that has not improved much is the rupee. USD/INR is still around 95, which remains a concern even after crude oil cooled sharply. There was no major negative trigger behind the friday's move. Today, the focus will be on whether Nifty can build on the positive global cues and move back above Friday's weakness. A strong opening looks likely, but what matters more is whether buyers stay active through the day instead of fading after the first hour. Global cues are supportive, crude oil is helping, and markets are getting a chance to recover. Now Nifty needs follow-through buying to regain momentum.