Pre Market Analysis & Global Cues | 23 June, 2026

Global cues are slightly weak this morning, but there is no major panic in the market. US markets closed mixed. The Dow managed to stay positive, while technology stocks saw some selling, which pulled Nasdaq lower. A large part of the weakness came from profit booking in technology names after their recent rally. Asian markets are also giving mixed signals today. Korea is seeing sharp weakness, while most other markets are trading with only small moves on either side. For India, crude oil remains a positive. Brent is holding below $78, which is a big relief compared to the levels we saw during the recent Middle East tensions. Lower crude oil prices continue to support the broader market. The rupee, however, remains a concern. USD/INR is back near 94.7. While it is better than the 95+ levels seen recently, the currency is still weaker than where it was before the recent volatility. Nifty closed at 24102 yesterday and continues to hold above the 24,000 mark. Gift Nifty is almost flat, suggesting there is no strong indication from global markets at the moment. One important thing to watch today is the PMI data for India. Manufacturing and Services PMI numbers will be released in the morning. Strong numbers would indicate that business activity remains healthy, while weaker-than-expected data could influence market sentiment during the day. For now, the market is entering today's session from a position of strength. The key question is whether Nifty can continue building above 24,000 or decides to take a pause after the recent move higher.