The SGX Nifty May 2026 futures are presently up by 101 points, indicating a positive start for the benchmark index today.
Institutional Flows:
On 05 May 2026, provisional data indicated that foreign portfolio investors (FPIs) sold shares valued at Rs 3,621.58 crore, whereas domestic institutional investors (DIIs) were net buyers amounting to Rs 2,602.62 crore in the Indian equity market. Foreign Institutional Investors have divested shares amounting to Rs 785.96 crore up to May 5, 2026. The cash sales recorded were Rs 70,135.46 crore in April, Rs 122,540.41 crore in March, and Rs 6,640.78 crore in February.
Global Markets:
Asian markets experienced an upward trend on Wednesday, following the positive momentum from Wall Street’s gains overnight. This shift came in the wake of declining oil prices and robust earnings reports that bolstered investor confidence. Indicating that diplomatic initiatives aimed at addressing the Middle East crisis were progressing, President Donald Trump announced that the U.S. effort to facilitate the passage of ships through the Strait of Hormuz had been temporarily halted. “We have mutually agreed that, while the Blockade will remain in full force and effect, Project Freedom will be paused for a short period of time to assess the potential for finalizing and signing the Agreement,” Trump stated in his Truth Social post.
On Monday, the U.S. military initiated the guidance of commercial vessels through the Strait of Hormuz as part of Project Freedom. On Tuesday, U.S. Defense Secretary Pete Hegseth stated that “two U.S. commercial ships, along with American destroyers, have already safely transited the strait, showing the lane is clear.” In the latest session on Wall Street, U.S. stocks concluded the day with gains on Tuesday, whereas oil prices experienced a decline as market participants responded to several strong earnings reports.
The S&P 500 experienced an increase of 0.81%, reaching a new all-time high and concluding the session at a record level of 7,259.22. The Nasdaq Composite experienced an increase of 1.03%, reaching a new peak and achieving a closing record of 25,326.13. The Dow Jones Industrial Average increased by 356.35 points, representing a rise of 0.73%, closing at 49,298.25.
Domestic Market:
The primary equity indices ended the day with modest declines on Tuesday, as a significant drop in the rupee to an all-time low against the US dollar unsettled market sentiment, while the weekly expiration of Nifty derivatives introduced additional volatility into the trading environment. Rising tensions between the US and Iran have negatively impacted investor confidence, erasing the recent optimism that followed state election results and reflecting broader weaknesses in global markets. Continuous quarterly earnings reports have left traders feeling apprehensive, leading to a more conservative approach.
The Nifty fell beneath the 24,050 level, impacted by declines in private banks and consumer durables stocks, whereas FMCG, auto, and pharma shares showed resilience, closing in positive territory. The S&P BSE Sensex experienced a decrease of 251.61 points, reflecting a decline of 0.33%, closing at 77,017.79. The Nifty 50 index experienced a decline of 86.50 points, representing a decrease of 0.36%, closing at 24,032.80.