Pre Market Review & Global cues - 12 March, 2026

Crude is back at the center of attention this morning. Brent jumping nearly 9% toward $100 after fresh escalation around the Strait of Hormuz has quickly shifted the global tone. Energy spikes tend to ripple through inflation expectations and risk appetite. US markets ended mixed overnight, but Asian indices are broadly under pressure early in the session. Gift Nifty is pointing lower near 23,740 after Nifty’s previous close around 23,866. If crude sustains these levels, expect energy sensitivity, currency moves, and volatility to become the key variables for today’s session.