The SGX Nifty May 2026 futures are presently down by 16.50 points, indicating a potential decline for the benchmark index at the start of trading today.
Institutional Flows:
On 07 May 2026, provisional data indicated that foreign portfolio investors (FPIs) divested shares amounting to Rs 340.89 crore, whereas domestic institutional investors (DIIs) recorded net purchases totaling Rs 441.07 crore in the Indian equity market. Foreign Institutional Investors have divested shares amounting to Rs 6,961.75 crore up to May 7, 2026. Their cash sales amounted to Rs 70,135.46 crore in April, Rs 122,540.41 crore in March, and Rs 6,640.78 crore in February.
Global Markets:
Asia-Pacific markets experienced a decline on Friday, as apprehensions escalated regarding the resurgence of tensions between Iran and the U.S. in the context of a tenuous ceasefire. The U.S. and Iran engaged in hostilities in the Strait of Hormuz, with both parties asserting that the other was the aggressor in the incident. In light of the recent developments, President Donald Trump has reportedly maintained that the ceasefire is still in place, characterizing the strikes as “just a love tap.”
Trump subsequently asserted in a social media post that the U.S. “completely destroyed” the Iranians involved in the exchange, which he described as small boats and drones that “dropped ever so beautifully down to the Ocean, very much like a butterfly dropping to its grave!” He has reportedly emphasized that Iran will encounter additional attacks should they fail to reach a nuclear agreement. Overnight on Wall Street, the S&P 500 experienced a decline on Thursday following its achievement of a new all-time intraday high, as oil prices rebounded from significant losses, with traders closely monitoring further developments between the U.S. and Iran.
The broad market index declined by 0.38%, finishing at 7,337.11, primarily influenced by setbacks in Amazon and semiconductor companies like Broadcom and Micron Technology. The Nasdaq Composite experienced a decline of 0.13%, closing at 25,806.20. The technology-focused index achieved a new all-time high during the session. The Dow Jones Industrial Average declined by 313.62 points, representing a decrease of 0.63%, closing at 49,596.97.
Domestic Market:
Key equity benchmarks ended the day slightly lower on Thursday following a turbulent session characterized by the weekly Sensex derivatives expiry and profit-taking at heightened levels. The benchmarks fluctuated between gains and losses in response to mixed global signals, yet broader indices showed stronger performance fueled by increasing optimism regarding a potential U.S.-Iran peace agreement and a reduction in geopolitical tensions. Declining crude prices, as Brent fell beneath the $100-per-barrel threshold, combined with a stronger rupee relative to the dollar, mitigated downside risks and bolstered overall market sentiment.
Market participants closely monitored a new set of Q4 earnings reports for insights on future trends. The Nifty closed under the 24,350 mark, impacted by declines in IT, FMCG, and consumer durables sectors, whereas auto and private banking stocks showed resilience against the prevailing trend. The S&P BSE Sensex experienced a decrease of 114 points, reflecting a decline of 0.15%, settling at 77,844.52. The Nifty 50 index declined by 4.30 points, reflecting a decrease of 0.02%, closing at 24,326.65.