Pre Market Analysis & Global Cues | 09 July, 2026

Yesterday's sharp sell-off was driven mainly by fresh tensions in the Middle East. But after that weak start, US markets recovered well during the session. The Nasdaq managed to close in the green, while the S&P 500 recovered most of its losses. The Dow, however, remained weak. That shows buying returned in technology stocks, but the broader market is still cautious. This morning, Asian markets are showing a better picture. Japan is leading the gains with nearly a 2% rise, while Singapore, Taiwan and Indonesia are also trading higher. South Korea and China are still slightly weak after yesterday's sharp fall. Gift Nifty is indicating a positive start of around 80 points, suggesting our market may recover some of yesterday's losses at the opening. One thing to keep an eye on is crude oil. Brent is trading around $78 after briefly touching $80.5 earlier today. Oil prices are still reacting to the latest developments in the Middle East, so this will remain an important factor throughout the session. The rupee weakened sharply yesterday and closed around 95.6 against the dollar. That will continue to be an important indicator, especially if crude oil remains volatile. Apart from the global cues, a few stocks are likely to remain in focus: TCS: Will announce its Q1 FY27 results after market hours today. Since it is the first major IT company to report, the management commentary on demand, AI spending and client outlook will be closely watched by the entire sector. Inox India: Secured fresh orders worth ₹939 crore. There are no major domestic economic data releases today. The market will mainly react to global developments, crude oil movement and stock-specific news. The opening looks positive after Gift Nifty's recovery, but yesterday's second-half selling is still fresh in traders' minds. If Nifty manages to hold the early gains, we could see some recovery. But if crude oil rises again or fresh geopolitical headlines emerge, volatility may return quickly.