The SGX Nifty April 2026 futures are presently down by 705 points, indicating a potential gap up opening for the benchmark index today.
Institutional Flows:
On 07 April 2026, provisional data indicated that foreign portfolio investors (FPIs) divested shares amounting to Rs 8,692.11 crore, whereas domestic institutional investors (DIIs) recorded net purchases totaling Rs 7,979.50 crore in the Indian equity market. In April, up to the 7th, foreign institutional investors divested shares totaling Rs 35,121.56 crore. Their cash sales amounted to 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:
Asian markets experienced an uptick following Donald Trump’s announcement regarding the suspension of planned attacks on Iranian infrastructure for a duration of two weeks. The action was “contingent upon the Islamic Republic of Iran consenting to the COMPLETE, IMMEDIATE, and SAFE OPENING of the Strait of Hormuz,” the President stated on a social media platform. Iranian Foreign Minister Abbas Araghchi, representing the country’s Supreme National Security Council, announced on a social media platform that Tehran’s armed forces will “cease their defensive operations.”
Trump emphasized that the 2-week ceasefire depended on Iran’s commitment to a complete, immediate, and safe opening of the Strait of Hormuz. Araghchi indicated that safe passage through the Hormuz Strait will be achievable through coordination with Iran’s armed forces for the upcoming two weeks. Overnight on Wall Street, U.S. stocks concluded the session with mixed results on Tuesday, reflecting indications of advancement in negotiations as the deadline approached for President Donald Trump regarding Iran’s access to the Strait of Hormuz. The Dow Jones Industrial Average fell 85.42 points, or 0.18%, to 46,584.46. The S&P 500 gained 5.02 points, or 0.08%, to 6,616.85, while the Nasdaq Composite increased by 21.51 points, or 0.10%, to 22,017.85.
During the final hour of trading, all three major U.S. stock indexes rebounded from significant losses experienced earlier in the session. This recovery followed remarks from Pakistan’s Prime Minister Shehbaz Sharif on a social media platform, indicating that diplomatic efforts aimed at a peaceful resolution to the ongoing conflict in the Middle East were making steady progress. He also urged Trump to extend the Iran deadline by two weeks and requested Iran to open the Strait for the same duration as a gesture of goodwill.
Domestic Market:
The major equity indices concluded Tuesday with positive results, marking a continued recovery for the fourth straight session. The Nifty commenced the session with a significant decline, reaching an intraday low of 22,719.30 during early trading, but steadily recovered losses as the day progressed. The index experienced a consistent rebound during the afternoon session, advancing into positive territory and finishing above the 23,100 level. The gains were bolstered by robust performance in the IT and metal sectors. The elevated volatility can be attributed to the weekly expiry of Nifty 50 contracts.
Market sentiment remained cautious due to ongoing tensions in West Asia and the uncertainty surrounding a potential U.S.-Iran agreement. Investors maintained a vigilant stance in anticipation of the RBI monetary policy decision on Wednesday, with prevailing expectations pointing towards a status quo on interest rates. The S&P BSE Sensex increased by 509.73 points, reflecting a rise of 0.69%, reaching a level of 74,616.58. The Nifty 50 index increased by 155.40 points, reflecting a rise of 0.68%, reaching a level of 23,123.65. Over the course of four consecutive sessions, the Sensex experienced a notable increase of 3.70%, while the Nifty recorded a gain of 3.54%.