Markets Pre-Open: India — What to Watch

23,200 — The Nifty's line in the sand. After five straight weekly losses, the index has clung to this support level like a lifeline, but the tide of global headwinds is rising fast.

Global Headwinds Hit Home

• Oil surged to $109/barrel after Saudi Arabia shut a key pipeline bypassing the Strait of Hormuz, adding to Middle East supply fears. US crude (WTI) topped $103.
• US 10-year yield hit 5% for the first time since 2023, as bond markets priced in...