Pre Market Analysis & Global Cues | 26 May, 2026

Global markets are mostly stable this morning, but after yesterday’s strong rally, traders may become slightly cautious near higher levels. US markets closed positive overnight and Asian markets are mixed today. Gift Nifty is also showing a slightly weak opening after Nifty’s strong move above 24000 yesterday. The biggest positive for markets right now is still crude oil cooling down. Brent crude has now come closer to the $95 zone after improving hopes around US-Iran talks and lower worries about oil supply disruption. This is helping countries like India because lower crude oil prices reduce pressure on inflation, rupee and import costs. Indian bond yields also cooled sharply, which is helping sectors like banks, autos and housing. Rupee staying stable near 95.2 is another relief compared to the heavy pressure seen earlier this month. Now the main thing to watch is whether Nifty can hold above the 24000 zone properly after yesterday’s breakout. Yesterday’s rally was strong, but market now needs follow-through buying from banks and broader market stocks if it wants to continue the momentum instead of going back into sideways movement again.