Pre Market Analysis & Global cues - 05 May, 2026

Global cues leaning slightly negative. US markets closed lower with Dow underperforming, while Europe saw broader selling pressure. Bond yields are inching higher again, 10Y at 4.44% keeps conditions tight. Crude holding above $113 continues to be a concern, especially for inflation-sensitive sectors. Asia is mixed with China weak, so no clear directional support from there. Gift Nifty is flat, but USD/INR moving higher is something to watch closely. Setup suggests a cautious start. Any upside will likely depend on how broad the participation is after open.