The SGX Nifty April 2026 futures currently traded 9.50 points lower, indicating a subdued opening for the benchmark index today.
Institutional Flows:
Foreign portfolio investors (FPIs) sold shares worth Rs 2,811.97 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 4,168.17 crore in the Indian equity market on 08 April 2026, provisional data showed. The FIIs had sold shares worth Rs 37,933.53 crore in April (till 08 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:
Asia markets traded lower Thursday, as investors worry over news that Iran’s parliamentary speaker accused the U.S. of violating the terms of the two-week ceasefire agreement. On Wednesday, U.S. President Donald Trump announced a “double sided” ceasefire, more than a month into a war with Iran. The ceasefire depended on Iran’s agreement to reopen the Strait of Hormuz. Tehran stated that it would cease “defensive” operations if attacks on the country were stopped, as per a statement from Iran’s Foreign Minister. Media reports indicated that Israel has also agreed to the ceasefire.
According to reports, Iran’s parliamentary speaker Mohammed Bagher Ghalibaf later accused the U.S. of breaching the ceasefire agreement. The violations include denying the Islamic Republic’s right to enrich uranium and Israel’s ongoing attacks on Lebanon, along with a drone entering Iranian airspace, he reportedly stated. Overnight in the U.S., stocks surged after President Donald Trump suspended attacks on Iran for two weeks, pausing a five-week conflict that closed a crucial waterway for global energy supplies. The Dow Jones Industrial Average surged 1,325.46 points higher, or 2.85%, to 47,909.92. The S&P 500 jumped 2.51% to 6,782.81, and the Nasdaq Composite soared 2.80% to 22,635.00.
Domestic Market:
Dalal Street staged a blistering rally on Wednesday, with benchmark indices rocketing nearly 4% as multiple powerful triggers fired in tandem. The Nifty closed close to the 24,000 mark, continuing its winning streak for the fifth consecutive session. The charge was driven by a significant rise in auto and private banking stocks, which propelled the upward movement. The rally gained traction as crude oil prices fell below the $95 mark after a US-Iran ceasefire, easing global risk concerns and sparking risk appetite.
Strong global cues further intensified the bullish sentiment. Adding to the tailwinds, the Reserve Bank of India held the repo rate steady at 5.25% with a neutral stance, reinforcing policy stability and boosting investor confidence. The S&P BSE Sensex climbed 2,946.32 points or 3.95% to Rs 77,562.90. The Nifty 50 index soared 873.70 points or 3.78% to 23,997.35. In five consecutive sessions, the Sensex surged 7.80% while the Nifty soared 7.46%.