On May 11, 2026, the GIFT Nifty, an early indicator of the Nifty50’s performance, was trading down over 100 points, specifically 181 points or 0.75%, reflecting negative global cues. This downturn follows US President Donald Trump's rejection of Iran's proposal to end the ongoing conflict in West Asia. As a result, Brent crude prices surged 3.31% to $104.64 per barrel, raising concerns about potential supply disruptions. Most Asian markets were in the red, with Japan’s Nikkei 225 and Hong Kong’s Hang Seng down by 0.17% and 0.51%, respectively. However, South Korea's Kospi index defied the trend, jumping 5.05% to a new high of 7,876.6. In the US, the S&P 500 and Dow Jones Industrial Average ended last week slightly higher, while the Nasdaq Composite rose by 1.71%. Additionally, several companies, including Abbott India and Canara Bank, are set to release their fourth-quarter results today. The initial public offering (IPO) for Simca Advertising is also open for subscription, having been subscribed 0.65 times so far, with the company aiming to raise ₹58.04 crore (approximately $7 million USD).