The SGX Nifty April 2026 futures were 113.50 points lower today, indicating a weak start.

Institutional Flows:

Provisional data showed that FPIs sold shares worth Rs 4,367.30 crore and DIIs bought Rs 3,566.15 crore in the Indian equities market on 27 March 2026. March FIIs sold Rs 111,377.35 crore in equities until 27 March 2026. After cash sales of Rs 6,640.78 crore in February and Rs 41,435.22 crore in January 2026.

Global Markets:

Asia markets tumbled dramatically on Monday as the Middle East war reached its fifth week, escalating despite diplomatic efforts. At their March meeting, Bank of Japan policymakers addressed further rate hikes as Middle East conflict-related oil prices raise inflation. One member suggested tightening faster, according to a Monday summary of opinions. One policymaker warned that second-round impacts and rising underlying inflation from outside developments could cause the BOJ to fall behind.

The Houthi movement in Yemen fired missiles at Israel on Saturday, marking its first direct involvement in the U.S.-Israeli conflict against Iran. Houthi spokesperson Yahya Saree allegedly said the group unleashed a salvo of ballistic missiles targeting strategic Israeli military targets in support of Iran and Hezbollah in Lebanon on social media. The strike escalates a battle that began with U.S. and Israeli airstrikes on Iranian facilities on Feb. 28.

The Dow Jones Industrial Average dropped into correction territory last Friday. The 30-stock Dow lost 793.47 points, or 1.73%, to 45,166.64. The S&P 500 fell 1.67% to 6,368.85, a seven-month low. The Nasdaq Composite fell 2.15% to 20,948.36.

Domestic Market:

Global uncertainty weakened market optimism on Friday, sending benchmark equity indices dramatically lower after a two-day gain streak. The Nifty fell below 22,850, while the rupee set a historic low against the US dollar, breaking 94, under pressure. PSU banks, real estate, and auto stocks led NSE sectoral declines. The fall was caused by Middle East geopolitical tensions, rising crude oil prices, global market weakness, FII selling, and rising US bond yields.

The administration decreased fuel excise charge to offset rising oil prices amid uncertainty. Petrol duty was decreased to Rs 3 per litre from Rs 13 and diesel charge was eliminated from Rs 10. The plan aims to stabilize domestic fuel costs as crude rises. S&P BSE Sensex fell 1,690.23 points (2.25%) to 73,583.22. The Nifty 50 lost 488.85 points, or 2.09%, to 22,819.60. Both the Sensex and Nifty rose 3.54% and 3.53% in the preceding two sessions.