Pre Market Analysis & Global Cues | 01 September, 2026

Global cues are slightly weak this morning. Tensions between the US and Iran have increased again, and there were strikes near the Strait of Hormuz. Because of this, crude oil has moved up. Brent is around $91, and this is not good for our market. Higher crude means pressure on inflation and the rupee. US markets closed slightly lower. Dow was down 0.7% and S&P fell 0.3%. At the same time, US 10Y yield has moved up to around 4.78%, which is on the higher side. Asian markets are mixed. Taiwan is slightly positive, while Japan, Korea and Hong Kong are in red. Because of this, Gift Nifty is indicating a 50–80 point gap-up, so the start may be slightly positive but volatile. Crude will be the key again today. It has moved from high-80s to around $91 in the last few sessions. If it stays high, pressure can come on the market. The rupee is near 95.1 and still weak. Also, India 10Y yield is around 6.95%, which is important for banking stocks. One positive from the domestic side: India’s Q1 GDP came at 7.8%, better than expectations. There will be strong stock-specific action today. Because of MSCI rebalancing, Laurus Labs and Adani Energy Solutions may see inflows, while SBI Cards, Astral and Balkrishna Industries may see some selling. In terms of news: E2E Networks is in focus after a ₹1,000 Cr AI deal. NCC and Ashoka Buildcon have order wins. Transformers & Rectifiers has also secured a nuclear-related order. On the weaker side: EPL may see pressure due to stake sale. Some FMCG stocks may remain under watch due to cost concerns. Sector-wise: ONGC and Oil India may stay strong with higher crude. Aviation, paints and tyre stocks may see pressure. Event to watch: Manufacturing PMI at 10:30 AM. Today's View: The start may be slightly positive, but overall tone is cautious. Crude and bond yields will decide the direction. If crude stays high, the market may struggle to hold gains. Expect a volatile and stock-specific session.