The SGX Nifty April 2026 futures are presently down by 138 points, indicating a negative opening for the benchmark index today.
Institutional Flows:
On 02 April 2026, provisional data indicated that foreign portfolio investors (FPIs) divested shares amounting to Rs 8,167.17 crore, whereas domestic institutional investors (DIIs) recorded net purchases totaling Rs 8,088.70 crore in the Indian equity market. The foreign institutional investors had divested shares amounting to Rs 26,429.45 crore in April (up to 06 April 2026). This follows their cash sales of Rs 122,540.41 crore in March, Rs 6,640.78 crore in February, and Rs 41,435.22 crore in January 2026.
Global Markets:
On Tuesday, Asia markets experienced significant fluctuations in trading, with major indexes turning to losses during the morning session as traders evaluate developments related to the Iran conflict. The U.S. President has issued a warning regarding potential actions against Iran’s civilian infrastructure should a peace agreement not be finalized within a 24-hour timeframe. Additionally, there are indications that the Iranian leadership is engaging in serious negotiations. Trump emphasized his insistence that Iran must reopen the Strait of Hormuz by 8 p.m. Tuesday, facilitating the resumption of traffic through this crucial passage for global energy supplies. He cautioned that the U.S. would target every bridge and power plant within four hours if the deadline is not adhered to.
The U.S. and Iran are considering a framework plan to resolve their ongoing conflict, which has persisted for five weeks. Tehran is resisting Trump’s insistence on quickly reopening the Strait of Hormuz under a temporary ceasefire and is reiterating its call for a permanent resolution to the war. Iran has dismissed the U.S. ceasefire proposal and presented its own 10 points, which encompass a cessation of hostilities in the region, a protocol for safe passage through the Strait of Hormuz, the lifting of sanctions, and plans for reconstruction, as reported by Axios.
Overnight on Wall Street, the S&P 500 experienced an increase on Monday for the fourth consecutive session as oil prices fluctuated and traders expressed optimism regarding a potential resolution to the U.S.-Iran conflict. The broad market index increased by 0.44%, closing at 6,611.83, while the Nasdaq Composite rose by 0.54%, finishing at 21,996.34. The Dow Jones Industrial Average increased approximately 165.21 points, representing a rise of 0.36%, closing at 46,669.88.
Domestic Market:
The domestic equity benchmarks experienced a notable recovery on Monday, marking a continuation of gains for the third consecutive session. Following a sluggish beginning, the indices made a significant turnaround in the afternoon, propelled by news of a potential de-escalation between Iran and the US, declining crude prices, and favorable global indicators. Despite the recovery, sentiment continued to be cautious in anticipation of the RBI’s monetary policy decision on Wednesday. The Nifty experienced a significant drop, reaching an intraday low of 22,542.95 during mid-morning trade. However, it made a notable recovery, closing at 22,968.25, indicating a robust late-session rebound.
The surge was driven by stocks in the banking and financial services sector. The S&P BSE Sensex increased by 787.30 points, reflecting a rise of 1.07%, reaching a level of 74,106.85. The Nifty 50 index increased by 255.15 points, reflecting a rise of 1.12%, reaching a level of 22,968.25. Over the course of three consecutive sessions, the Sensex experienced a notable increase of 3%, while the Nifty recorded a gain of 2.85%.