Pre Market Analysis & Global Cues | 10 June, 2026

Global markets are under pressure this morning. US markets saw sharp selling during the session, although they managed to recover a good part of the losses before closing. Even then, technology stocks remained weak and Nasdaq ended noticeably lower. Asian markets are not taking it well. Korea is down sharply, while Japan, Taiwan, Hong Kong and China are also trading in red. This shows the pressure is spreading across the region rather than being limited to one market. The good news is crude oil. Brent has cooled further towards the $92 zone, which is a relief for India. Lower crude oil prices help reduce pressure on inflation and import costs. But the rupee continues to be a concern. USD/INR is still above 95. Even with crude cooling and bond yields easing, the rupee has not recovered much. That's something worth keeping an eye on because a weak currency is never ideal for the market. Nifty closed near 23242 yesterday after showing some recovery from lows. Gift Nifty is trading almost flat compared to the spot index, which suggests there is no strong indication either way at the moment. For today, the focus will be on whether Nifty can build on yesterday's recovery. Global cues are weak, but lower crude oil prices are providing some support. The bigger question is whether buyers return to the broader market after the recent volatility.