SGX Nifty February 2026 futures declined by 18.50 points, indicating a subdued opening for the Nifty 50 today.

The Reserve Bank’s rate-setting panel commenced its three-day meeting on Wednesday to discuss the upcoming bi-monthly monetary policy. The announcement regarding the decision made by the six-member Monetary Policy Committee (MPC), chaired by RBI Governor Sanjay Malhotra, is set to take place today.

Institutional Flows:

On 05 February 2026, provisional data indicated that foreign portfolio investors (FPIs) divested shares amounting to Rs 2,150.51 crore, whereas domestic institutional investors (DIIs) recorded net purchases totaling Rs 1,129.82 crore in the Indian equity market. The foreign institutional investors have acquired shares valued at Rs 694.76 up to February 5, 2026. This follows their cash sales of Rs 38,740.12 in January 2026 and Rs 34,349.62 crore in December.

Global Markets:

The Asian market experienced a slight decline, with South Korea at the forefront of the losses on Friday, in the wake of the tech-driven sell-off observed on Wall Street. South Korea’s market, predominantly influenced by the chip and automotive sectors, has experienced significant fluctuations over the past week as sentiment regarding technology stocks declines.

Pharmaceutical stocks in Japan experienced a decline on Friday, following the announcement by U.S. President Donald Trump of his website that provides discounted prescription medications. In the commodities market, spot silver prices have persisted in their downward trend, decreasing by 1.63% following a significant drop of approximately 13% on Thursday.

Overnight in the U.S., the Dow Jones Industrial Average declined by 1.20%, and the S&P 500 decreased by 1.23%, resulting in a shift into negative territory for the year. The Nasdaq Composite, heavily weighted in technology stocks, experienced the most significant downturn, falling by 1.59%. Tech giant Alphabet faced scrutiny following its fourth-quarter results, highlighting a significant increase in artificial intelligence expenditures, with capital expenditure projected to reach $185 billion by 2026. Qualcomm experienced a decline of over 8% following the release of a subdued forecast attributed to a global memory shortage.

Domestic Market:

The primary equity indices ended significantly lower on Thursday, ending a three-day rally as investors took the opportunity to secure profits amid elevated valuations. The recent rally, driven by positive sentiment regarding the India-US trade agreement, encountered selling pressure as caution emerged in anticipation of the Reserve Bank of India’s monetary policy decision scheduled for Friday. The decline was not confined to frontline stocks, as the broader market also experienced downward pressure. The Nifty 50 fell beneath the 25,650 level, influenced by significant declines in metal, consumer durables, and auto sectors.

The S&P BSE Sensex declined by 503.76 points, representing a decrease of 0.60%, closing at 83,313.93. The Nifty 50 index declined by 133.20 points, representing a decrease of 0.52%, closing at 25,642.80. In the last three consecutive trading sessions, the Sensex increased by 3.20%, and the Nifty rose by 3.29%.