Pre Market Analysis & Global Cues | 30 June, 2026

Global markets are giving mixed signals this morning. US markets closed higher, led by a strong rally in technology stocks. Nasdaq gained more than 2%, while the broader market also ended in green. Asian markets, however, are not moving in one direction. Taiwan and Korea are trading higher, but Hong Kong, Indonesia and China are under some pressure. For India, Gift Nifty is indicating a mildly positive start of around 50 points. One area that may remain in focus today is IT. Wipro ADR fell more than 4% in the US market, while Dr. Reddy's ADR also closed sharply lower. That could keep these stocks under pressure in early trade. On the positive side, India's Industrial Production (IIP) data came in better than expected after market hours yesterday. Industrial output grew 5.1% in May, higher than the market expectation of 4.7% and also better than the previous reading of 4.9%. This is a good sign for the economy as it shows manufacturing and industrial activity are still holding up well. It may not move the market on its own, but it adds to the positive domestic picture. The rupee, however, remains something to watch. USD/INR moved back towards 94.5 yesterday. It is still on the weaker side, even though it has recovered from the recent highs. Brent crude is trading around $73.7, while India's 10-year bond yield remains stable near 6.76%. Today's setup is slightly positive, but the bigger question is whether Nifty can reclaim the 24,000 mark and stay above it. After yesterday's broad-based selling, traders will be looking for stronger participation instead of a recovery driven by just a few large-cap stocks.