Pre-market action: Here's the trade setup for today's session

Indian equities experienced a sharp correction in 2026, with Nifty, Midcap, and Smallcap indices declining significantly amid heightened global volatility. Geopolitical tensions in West Asia continue to disrupt the energy sector, pushing crude oil prices higher and keeping risk sentiment fragile. Any de-escalation could support a market recovery, while further escalation may prolong the pressure.