Pre Market Analysis & Global cues - 18 May, 2026

Global markets are weak this morning. US futures are falling, most Asian markets are trading in red and bond yields are moving higher again. The main concern for India right now is crude oil. Brent crude moved above $111 after fresh Middle East tensions, and that is creating pressure on markets globally. Gift Nifty is also indicating a weak opening near 23560. Today market will closely watch banks and other big sectors. If selling increases across more sectors, volatility can rise quickly during the day. For now, crude oil movement is the key thing to track.