Pre Market Analysis & Global Cues | 12 June, 2026

Global markets have turned sharply positive this morning. US markets rallied strongly, especially technology stocks, and that strength is visible across Asia as well. Korea is leading the move with a massive gain, while Japan, Taiwan, Hong Kong and China are also trading firmly in green. The biggest relief is coming from crude oil. Brent has cooled below $90 after staying near $100 recently. For India, this is a big positive because lower crude oil prices reduce pressure on inflation, fuel costs and imports. But one issue still refuses to go away. USD/INR is now close to 95.8. Even after crude oil corrected sharply over the last few sessions, the rupee has not shown any meaningful recovery. A weak rupee at these levels remains a concern and will continue to be watched closely. Nifty closed near 23161 yesterday after several weak sessions. Today, the market is likely to open with a strong gap-up of around 300 points. The important thing is not the gap-up itself. The real question is whether buyers can hold those gains after the opening bell. Over the last few weeks, we've seen several sharp moves that failed to sustain. Today, the setup is clearly positive. Lower crude oil, strong global markets and improving sentiment across Asia are all supportive. Now the market needs follow-through buying after the open instead of another gap-up-and-fade session.