Pre Market Analysis & Global Cues | 14 July, 2026

Global cues have turned weak again as fresh tensions between the US and Iran continue to weigh on markets. US markets closed lower, with the Nasdaq falling more than 1.5% as technology stocks saw heavy selling. The Dow and S&P 500 also ended in the red. The biggest concern this morning is crude oil. Brent futures have surged nearly 11% to around $84, after reports of fresh military escalation in the Middle East. Higher crude prices are not favourable for India as they can increase import costs and inflation pressure. Asian markets are also under pressure. South Korea and Taiwan are down sharply, while Japan, Singapore and Indonesia are trading lower. The weakness is visible across the region. Gift Nifty is indicating a gap-down opening of around 150 points, suggesting Nifty may begin the session on a weak note. The rupee weakened by 29 paise yesterday and closed around 95.6 against the dollar. Along with the rise in India's 10-year bond yield, this will remain an important indicator to watch today. Inflation data will also be in focus. India's June CPI inflation came in at 4.38%, slightly higher than the market expectation of 4.30% and above May's 3.93%. While the increase is not very large, it shows inflation has edged up again. Today at 12:00 PM, the market will also watch June WPI inflation. A lower-than-expected reading could provide some comfort, while a higher number may keep inflation concerns alive. For today's session, Global cues are clearly on the weaker side, with rising crude oil adding fresh pressure. The opening is likely to be weak, but the market's reaction after the opening will be more important than the gap-down itself. Along with developments in the Middle East, traders will closely watch the WPI inflation data for further direction.