Pre Market Analysis & Global cues - 11 May, 2026

Crude oil is back in focus after fresh Middle East tensions pushed Brent above $104. Because of that, global markets are slightly cautious this morning. US futures are mostly flat, while Gift Nifty is showing a weak start for Indian markets. Asian markets are mixed. Kospi and Shanghai are doing well, but Hang Seng and Nikkei are still weak. For India, crude oil is the main thing to watch now. If oil stays above $100 for long, it can increase pressure on inflation, rupee and sectors that depend heavily on interest rates. Nifty closed near 24176 on friday. Today market may open weak, especially oil-related sectors could stay under pressure.