SGX Nifty March 2026 futures increased by 306.5 points, indicating a gap up opening for the Nifty 50 today.
Institutional Flows:
On 09 March 2026, provisional data indicated that foreign portfolio investors (FPIs) divested shares amounting to Rs 6,345.57 crore, whereas domestic institutional investors (DIIs) recorded net purchases totaling Rs 9,013.80 crore in the Indian equity market. Foreign Institutional Investors have divested shares amounting to Rs 6,345.57 crore in March (up to 09 March 2026). This comes after their cash sales of Rs 6,640.78 crore in February and Rs 41,435.22 crore in January 2026.
Global Markets:
Asian markets opened higher, indicating a rebound in the region, following a decline in oil prices and a recovery on Wall Street, as U.S. President Donald Trump suggested that the conflict with Iran might be approaching a resolution. Oil prices declined by more than 10% following Trump’s remarks about potentially taking control of the Strait of Hormuz, a critical chokepoint in the global crude market.
U.S. stocks saw an advance overnight. The S&P 500 increased by 0.83%, closing at 6,795.99. Meanwhile, the Dow Jones Industrial Average gained 239.25 points, representing a 0.5% rise, finishing at 47,740.80. The blue-chip index has just experienced its most significant weekly decline in almost a year. The Nasdaq Composite experienced an increase of 1.38%, concluding the session at 22,695.95.
Domestic Market:
The primary equity indices closed significantly down on Monday, marking a continuation of losses for the second consecutive session. This decline was driven by rising crude oil prices, ongoing outflows from foreign institutional investors, and a weakening rupee, all of which negatively impacted market sentiment. Brent crude surpassed the $100 per barrel threshold as tensions in the Middle East intensified, raising apprehensions regarding inflation and increasing input costs for businesses.
The S&P BSE Sensex declined by 1,352.72 points, representing a decrease of 1.71%, closing at 77,566.16. The Nifty 50 index experienced a decline of 422.40 points, reflecting a decrease of 1.73%, closing at 24,028.05. In two consecutive trading sessions, the Sensex experienced a decline of 3.06%, while the Nifty recorded a decrease of 2.97%.