SGX Nifty is presently at 23,040, reflecting an increase from Tuesday’s index close of 22,912.40, indicating a favorable opening for the benchmark index today.

Institutional Flows:

On 24 March 2026, provisional data indicated that foreign portfolio investors (FPIs) divested shares amounting to Rs 8,009.56 crore, whereas domestic institutional investors (DIIs) recorded net purchases totaling Rs 5,867.15 crore in the Indian equity market. Foreign Institutional Investors have divested shares amounting to Rs 105,204.68 crore in March (up to 24 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 showed positive movement on Wednesday, buoyed by remarks from U.S. President Donald Trump suggesting possible discussions with Iran, despite Tehran’s denial of any direct negotiations with Washington. During a speech in the Oval Office on Tuesday, Trump indicated that the U.S. and Iran were currently engaged in negotiations, suggesting that Tehran was interested in reaching a peace agreement. He noted that he had refrained from making threats against Iranian energy infrastructure, citing the ongoing negotiations as the reason for this decision.

During the overnight session on Wall Street, the S&P 500 experienced a pullback on Tuesday, relinquishing some of the significant gains observed in the prior session. This occurred alongside a rise in crude prices, as the conflict in Iran extended into its fourth week. The broad market index declined by 0.37%, closing at 6,556.37. Meanwhile, the Dow Jones Industrial Average decreased by 84.41 points, or 0.18%, finishing at 46,124.06. The Nasdaq Composite experienced a decline of 0.84%, concluding the session at 21,761.89.

Domestic Market:

The primary equity indices experienced a significant recovery on Tuesday. The rally was propelled by enhanced global sentiment following the announcement from US President Donald Trump regarding a temporary halt in strikes on Iran. This has generated optimism regarding a potential reduction of tensions in the Middle East. Oil prices experienced a temporary decline before making a recovery, while the rupee showed signs of strengthening after reaching unprecedented lows. Favorable international indicators further bolstered market sentiment. The Nifty concluded the session above the 22,900 mark, driven by widespread buying activity primarily in the auto and private banking sectors.

Nonetheless, uncertainties persist as geopolitical tensions continue to evolve. Oil prices are persistently high, US bond yields are elevated, and ongoing foreign institutional investor selling is contributing to a cautious sentiment among investors. The S&P BSE Sensex surged by 1,372.06 points, reflecting a gain of 1.89%, reaching a level of 74,068.45. The Nifty 50 index increased by 399.75 points, reflecting a rise of 1.78%, reaching a level of 22,912.40.