Pre Market Analysis, Global Cues & Shares in Focus | 08 July, 2026

Global cues have turned slightly weak this morning. US markets closed lower, with Nasdaq falling more than 1% as technology stocks continued to see selling. The Dow and S&P 500 also ended in the red. The bigger concern, however, is crude oil. Brent jumped close to $76 after fresh tensions in the Middle East. Reports suggest the US carried out fresh military strikes on Iran, while the US also tightened sanctions on Iranian oil exports. That has once again raised concerns about oil supply and the Strait of Hormuz, through which a large share of global crude moves. Asian markets are still under pressure after yesterday's sharp fall. South Korea remains weak, while Japan, Indonesia and Taiwan are also trading lower. Only Hong Kong is showing some strength this morning. Gift Nifty is indicating a gap-down opening of more than 150 points, suggesting Nifty could start the day on a weak note. One positive is the rupee, which strengthened yesterday and closed near 94.96. If it continues to hold these levels, it could provide some support to the market. Apart from the global cues, a few stocks are likely to remain in focus today: Cochin Shipyard: as the government's OFS closes today. HCL Technologies: after its subsidiary acquired Jaspersoft to strengthen its data and AI business. Orchid Pharma: after signing a licensing agreement with Russia's Pharmasyntez. Sugar stocks like Dalmia Bharat Sugar and Renuka Sugar after the government reiterated its commitment to ethanol blending and E85 fuel infrastructure. Tata Motors: after announcing a joint venture to set up a passenger vehicle seating plant in Maharashtra. There are no major domestic events today For today, the focus will be on how the market reacts to the weak global setup. Yesterday, selling started in the broader market before spreading to the benchmark indices. If Midcaps and Smallcaps continue to stay under pressure today, Nifty may also find it difficult to recover from the expected gap-down opening.