On Monday, the Indian equity market opened the week trading in red in the pre-opening session, with the NIFTY 50 trading at 23,970.10, down by 0.85%, and the SENSEX at 76,638.09, down by 0.89%.Indian markets are likely to be volatile today amid weak cues from broader Asian markets due to cautious investor sentiment on developments in the Middle East after Israeli Prime Minister Benjamin Netanyahu said the conflict with Iran was continuing. The previous session ended lower amid rising crude oil prices, and consistent foreign institutional investor (FII) selling. Global cuesBoth Asian and US markets traded mixed as investors monitored rising oil prices and growing tensions between the United States and Iran. Gift NiftyOn May 11, 2026, the GIFT Nifty traded in red amid weak cues from Asian markets and FIIs continued to exit from Indian markets.Asian Markets ASIAN MARKETSLTPPrev closeChangeGIFT NIFTY24,015.0024,067.50-1.01%Nikkei 22562,486.8462,713.65-0.36%Hang Seng26,318.6226,393.72-0.28%Taiwan41,939.9641,603.940.81%KOSPI7,832.177,498.004.46% Nikkei and Hang Seng traded lower after U.S President Donald Trump rejected Iran's latest proposal aimed at ending the conflict in the Middle East.TAIEX and KOSPI traded higher, led by gains in tech stocks, as traders boosted bets on the AI trade.US & European Markets US MARKETSLTPPrev closeChangeDOW JONES49,630.1549,617.980.02%S&P 5007,424.007,431.00-0.09%Nasdaq26,260.7525,827.201.68% Dow Jones and Nasdaq traded in green, following a better-than-expected April's jobs report.S&P 500 traded lower on rising crude oil prices. EU MARKETSLTPPrev closeChangeFTSE10,233.0710,276.95-0.43%CAC8,059.708,130.30-0.87%DAX24,338.6324,663.61-1.32% The United Kingdom’s FTSE was traded lower, dragged by losses in IAG and Intertek stocks.The French index, CAC, traded in red, dragged by Healthcare, Consumer Goods, and Industrials stocks.The German index, the DAX, closed in the red, amid losses in Software, Construction, and Industrials shares.Commodities COMMODITIESLTP ($)Prev closeChangeBRENT CRUDE108.9400104.16004.39%GOLD4,686.63504,715.7150-0.62%CRUDE OIL100.850095.87604.93%NATURAL GAS2.75602.66603.27%SILVER80.858580.34050.64% Crude oil and Natural gas prices traded higher after Israeli Prime Minister Benjamin Netanyahu warned that the conflict with Iran was "not over," raising fears that tensions in the Middle East could escalate again and further threaten energy supplies.Precious metals, such as gold traded lower amid a firm dollar and silver traded higher on safe haven demand due to rising geopolitical risks.Currency Movements CURRENCYLTPPrev closeChangeDOLLAR INDEX97.789097.5430-0.25%USD/INR94.373094.47000.10%GBP/INR128.8965128.7699-0.10%EUR/INR111.5389111.3779-0.14% The dollar index rose amid rising geopolitical tensions.The dollar weakened against rupee on rising crude oil prices.The euro and pound sterling gained against the rupee due to continuous FII selling in Indian markets.Sectors to watchBanking Sector: Indian banks stopped new business in Gulf countries amid the Iran crisis with an aim to manage risks and ensure stability in international operations.Transportation Sector: India opened the path for pension and sovereign wealth funds to directly bid on greenfield toll-road projects to boost private investment in infrastructure and relax eligibility norms for build-operate-transfer projects, allowing institutional investors to leverage their financial strength while partnering for construction expertise.FMCG Sector: FMCG companies are bracing for price hikes amid rising crude-linked inflation, higher packaging costs, and fuel expenses from geopolitical disruptions that are squeezing margins.Stocks to watchCMS Info Systems: CMS Info Systems received an ATM managed services outsourcing mandate from HDFC Bank to provide managed service solutions, including currency forecasting and logistics.Steel Authority of India: Steel Authority of India appointed Ashok Kumar Panda as Chairman and Managing Director, effective May 9.RateGain Travel Technologies: RateGain Travel Technologies CFO Rohan Mittal resigned from the company, effective May 8, due to personal reasons and family commitments.Honasa Consumer: Honasa Consumer’s Chief Business Officer, Yatish Bhargava, resigned from the company due to personal circumstances.FII and DII Inflows - 8th May 2026 CategoryBuy ValueSell ValueNet ValueDII21,296.8714,548.746,748.13FII/FPI15,083.4919,194.09-4,110.60 (The above numbers are in ₹ Cr)On 8th May, net inflows were ₹2,637.53 crore, with DIIs as net buyers and FIIs as net sellers, due to rising tensions in the Middle East.Global Events & UpdatesOn May 11, Turkey will release the retail sales data.Mexico will release the auto production data today.The U.S will release the existing home sales data today.Things to look out forConsumer sentiment in Mexico edged up to 44.4 in April 2026.The University of Michigan’s Consumer Sentiment Index for the U.S dropped to a record low of 48.2 in early May 2026.