Pre Market Analysis & Global Cues | 11 June, 2026

Global markets are under pressure this morning after tensions between the US, Iran and Israel escalated further. US markets saw heavy selling across the board, with technology stocks leading the decline. Most Asian markets are also trading in red, showing that traders are reacting to the growing uncertainty in the Middle East. The biggest impact is visible in crude oil. Brent crude has jumped back near $95 after falling sharply over the last few sessions. Markets are worried that any further escalation could affect oil supply routes in the region. For India, this is where the concern starts. Higher crude oil prices and a weak rupee are not a good combination. USD/INR is still hovering above 95, which remains a major concern. Even when crude cooled earlier, the rupee did not recover much. Now with oil moving higher again, it becomes even more important to watch. Another interesting move was in gold. Gold corrected sharply despite the geopolitical tensions, showing that traders were booking profits after the recent run-up rather than chasing safe-haven assets. Nifty closed near 23214 yesterday, but Gift Nifty is trading well below the spot index and is pointing towards a sizeable gap-down opening today. After the weakness seen in Midcaps and Smallcaps over the last few sessions, today's focus will be on whether Nifty can hold important support levels. Global cues have clearly worsened, and crude oil is once again becoming the biggest variable for the market. Like ❤️& Retweet♻️