Pre Market Analysis & Global cues - 12 May, 2026

US markets closed mostly flat overnight, so there’s no major positive trigger coming from there. But crude oil staying above $105 and rising bond yields are still creating pressure globally. Gift Nifty is also indicating a weak start for Indian markets this morning. Asian markets are mixed. Korea and Indonesia are weak, while some other Asian markets are holding in green. For India, the main thing to watch today is whether Nifty can hold the 23800 zone after yesterday’s sharp fall. If crude oil keeps rising and rupee stays weak near 95.3, market may continue to stay under pressure. Rate-sensitive sectors and high momentum stocks could see more volatility today.