The SGX Nifty April 2026 futures are presently up by 12.50 points, indicating a neutral start for the benchmark index today.
Institutional Flows:
On 28 April 2026, provisional data indicated that foreign portfolio investors (FPIs) divested shares amounting to Rs 2,103.74 crore, whereas domestic institutional investors (DIIs) emerged as net buyers, acquiring shares worth Rs 1,712.01 crore in the Indian equity market. In April, as of the 28th, foreign institutional investors divested shares totaling Rs 59,619.18 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:
Asia markets exhibited a mixed performance on Wednesday, following a decline on Wall Street overnight. Investors are currently evaluating the latest developments regarding OPEC, alongside a report indicating potential weakness in OpenAI. The Japanese markets observed a holiday closure. The United Arab Emirates is set to leave OPEC on May 1, marking a significant setback for the organization that manages output among numerous leading oil producers, especially in the Middle East. Optimism surrounding technology stocks experienced a setback following a media report indicating that OpenAI’s revenue and new user growth fell short of its own projections. The report indicated that CFO Sarah Friar expressed to the company leadership her concerns regarding OpenAI’s ability to fulfill computing contracts in the future, contingent on the pace of its revenue growth.
During the overnight hours in the U.S., The S&P 500 experienced a decline on Tuesday, impacted by the report on OpenAI alongside an increase in oil prices. Market participants are closely monitoring the upcoming quarterly earnings reports from four of the prominent “Magnificent Seven” stocks, alongside the conclusion of what may be Jerome Powell’s last policy meeting in his role as Federal Reserve chair. The broad market index decreased by 0.49%, closing at 7,138.80, whereas the tech-focused Nasdaq Composite declined by 0.9%, finishing at 24,663.80. The Dow Jones Industrial Average decreased by 25.86 points, representing a decline of 0.05%, closing at 49,141.93.
Domestic Market:
The headline equity indices experienced a decline on Tuesday, as investor sentiment weakened due to diminishing expectations for a swift resolution to the US-Iran conflict, which has led to a rise in oil prices. Brent crude surged beyond the $110 per barrel threshold, heightening apprehensions. Sustained foreign fund outflows continued to weigh on sentiment, as volatility surged in anticipation of the monthly Nifty 50 derivatives expiry. The Nifty 50 fell beneath the 24,000 threshold, impacted by significant sell-offs in the banking and automotive sectors.
Energy and metal shares, in contrast, demonstrated resilience against the overall market decline and concluded the day with gains. The S&P BSE Sensex experienced a decline of 416.72 points, reflecting a decrease of 0.54%, closing at 76,886.91. The Nifty 50 index experienced a decline of 97 points, representing a decrease of 0.40%, closing at 23,995.70.