Global cues are mixed with a cautious undertone. US futures are slightly positive, but the real pressure point is macro - bond yields are rising again, and Brent crude is holding near $112, keeping inflation concerns elevated. Asian markets are showing a mixed picture, with strength in Japan and Korea, while some pockets remain under pressure. Gift Nifty is slightly negative, indicating a flat to mildly weak start for domestic markets. On the currency front, USD/INR remains elevated, which continues to be a variable to track. With oil at elevated levels and yields rising, the broader setup remains sensitive despite stable global equities. Bias: Cautious Markets may attempt stability, but upside could remain capped unless macro pressures ease.

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