Pre Market Analysis & Global Cues | 04 June, 2026

Global markets are under pressure this morning after fresh geopolitical concerns returned to the headlines. US markets closed lower and most Asian markets are seeing heavy selling. Japan, Korea, Taiwan and Jakarta are all trading sharply lower, showing that traders are becoming cautious again. The reason is clear. Reports of an attack on Kuwait airport, renewed concerns around the Strait of Hormuz and lack of progress in US-Iran negotiations have brought uncertainty back into the market. The good part is that crude oil has cooled from the recent highs and is currently around $96. But for India, the rupee remains a concern. USD/INR is still near 95.7, which is not a comfortable level and continues to put pressure on the overall setup. Nifty closed near 23405 yesterday after bouncing sharply from lower levels and filling the pending gap. Gift Nifty is indicating a slightly weak start today. Another important event is tomorrow's RBI interest rate decision. Markets may stay cautious ahead of that announcement, especially after the recent volatility in global markets. For today, the focus will be on whether Nifty can hold yesterday's recovery zone. Global cues are weak, but the reaction around support levels will be more important than the opening move.