Pre Market Analysis & Global Cues | 29 May, 2026

Global markets are looking strong this morning. US markets closed higher again, mainly led by technology stocks, and most Asian markets are also trading in green. Korea, Taiwan and Japan are showing good strength after the weakness seen earlier this month. The biggest positive for markets right now is crude oil. Brent crude has fallen close to the $92 zone as worries around oil supply disruptions have reduced. This is good news for countries like India because lower crude oil prices reduce pressure on inflation, fuel imports and the overall economy. US bond yields have also cooled, which is helping global markets and technology stocks. For India, one thing still needs attention is the rupee. Even though crude oil and bond yields have improved, USD/INR is still trading around 95.7. A stronger rupee would provide more comfort for the market and foreign investors. Nifty closed near 23907 yesterday after spending a few sessions in consolidation. Gift Nifty is showing a flat start despite strong global markets, which suggests traders may first look for stability above current levels before expecting the next move higher. For now, lower crude oil prices remain the biggest positive factor for the market.