Markets Pre-Open: India — What to Watch

GIFT Nifty down 140 points pre-market, signaling a sharp negative open for Indian equities as the global oil shock and bond rout intensify overnight.

Global Risk-Off in Full Swing

• Brent crude surged to $108/barrel, up 4% on Thursday after the biggest spike in attacks on Red Sea shipping since the Iran war began.
• WTI crude crossed $100 for the first time since May, while the US 10-year Treasury yield hit 4.96%, the highest since November 2023. -...