Pre Market Analysis & Global Cues | 13 July, 2026

Global cues have weakened again this morning as fresh tensions between the US and Iran are back in focus. US futures are trading lower, and most Asian markets are under pressure. South Korea is down more than 5%, Japan is also trading lower, while Hong Kong, Taiwan and Indonesia are managing modest gains. The biggest trigger is crude oil. Brent has climbed above $79, gaining more than 5% after fresh military action between the US and Iran. There are also conflicting reports about shipping through the Strait of Hormuz. Since nearly 20% of global crude oil passes through this route, every new headline is keeping the oil market volatile. Gift Nifty is indicating a gap-down opening of around 150 points, suggesting Nifty could begin the week on a weak note. India's bond yields remained stable on Friday, while the rupee closed around 95.3 against the dollar. The rupee is still at a weak level and remains something to watch closely. Apart from the global developments, inflation data will be in focus over the next two days. Today's June CPI inflation data will be released after market hours, while June WPI inflation is scheduled for tomorrow. If inflation comes in higher or lower than expected, it could influence expectations around future RBI policy decisions. For today's session: Global cues are weak because of the renewed Middle East tensions, but the market has shown in recent weeks that it can recover if external pressure eases. The opening is likely to be weak, and how Nifty reacts after that will be more important than the gap-down itself. Crude oil and any fresh headlines from the Middle East will remain the biggest factors to watch throughout the day.