Pre Market Analysis & Global Cues | 29 June, 2026

Global cues are mixed this morning, but there are no major signs of stress. US futures are trading slightly higher, while Asian markets are moving in different directions. Hong Kong and Taiwan are seeing good buying, but Korea and Japan are under some pressure. For India, crude oil continues to be the biggest positive. Brent is holding near $72.5, which is a huge relief compared to the levels seen earlier this month. Lower crude oil prices continue to support India's inflation outlook and overall market. The rupee is also holding around 94.4. It has improved from the recent highs, but it is still on the weaker side and will remain an important factor to watch. Nifty closed at 24056 before the market holiday after a session where it failed to hold early gains. Gift Nifty is pointing to a mildly positive start today, suggesting the market may open around 40 points higher. The only important domestic data today is Industrial Production (IIP) for May, which will be released after market hours. A stronger-than-expected number would indicate healthy economic activity, while a weaker reading could influence market expectations going into the new week. For today, the focus will be on whether Nifty can hold above the 24,000 mark and attract fresh buying after last week's mixed sessions. Global cues are supportive, crude oil remains favourable, and now the market needs broader participation to move higher.