The SGX Nifty May 2026 futures are presently down by 213.00 points, indicating a likely negative opening for the benchmark index today.
Institutional Flows:
On 08 May 2026, provisional data indicated that foreign portfolio investors (FPIs) divested shares amounting to Rs 4,110.60 crore, whereas domestic institutional investors (DIIs) recorded net purchases totaling Rs 6,748.13 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 were recorded at 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 exhibited a mixed performance on Monday, influenced by increasing oil prices and heightened tensions between the U.S. and Iran, which impacted investor sentiment. President Donald Trump’s dismissal of Tehran’s recent proposal to conclude the war has heightened concerns regarding a prolonged conflict in the Middle East. Iran has put forth a new proposal to U.S. negotiators aimed at resolving the Middle East conflict. According to Iran’s semi-official media agency, the counteroffer proposed a cessation of hostilities across all fronts and the removal of sanctions on Tehran, as reported by a knowledgeable source.
Trump expressed his dissatisfaction with Iran’s response, labeling it as “TOTALLY UNACCEPTABLE!” in a post on social media. Israeli Prime Minister Benjamin Netanyahu reportedly stated on Sunday that the conflict with Iran was “not over,” as both the U.S. and Israel continue their efforts to limit Tehran’s nuclear aspirations. Netanyahu’s remarks arrive just before Trump’s upcoming visit to China this week, where a meeting with Chinese President Xi Jinping is anticipated. The conflict and the resulting blockade of the Strait of Hormuz by Iran have led to a significant increase in global energy prices and a notable rise in gas prices within the U.S. Last week, U.S. equities experienced an uptick on Friday, driven by a stronger-than-anticipated jobs report for April, while market participants monitored the evolving situation between the U.S. and Iran.
The S&P 500 increased by 0.84%, closing at 7,398.93, whereas the Nasdaq Composite rose by 1.71%, finishing at 26,247.08. Both indexes achieved new all-time intraday highs during the session and concluded at record levels. The Dow Jones Industrial Average increased by 12.19 points, representing a 0.02% rise, closing at 49,609.16. Sentiment improved as the Bureau of Labor Statistics announced that nonfarm payrolls increased by 115,000 last month, surpassing the 55,000 anticipated by media reports. The U.S. jobless rate remained unchanged at 4.3%, consistent with widely reported figures.
Domestic Market:
The primary equity indices declined on Friday, marking a continuation of losses for the second consecutive session, as escalating geopolitical tensions related to the US-Iran conflict unsettled investor confidence. Increasing tensions have pushed Brent crude prices past the $100-per-barrel threshold, raising concerns about inflation and a surge in India’s import expenses. The rupee experienced a decline against the dollar, remaining close to the 94-per-dollar mark compared to the previous close, which has further undermined market confidence. Investors remained vigilant in the face of heightened volatility, carefully observing Q4 earnings announcements for insights into individual stocks and guidance on short-term market trends.
The Nifty concluded the session beneath the 24,200 threshold, impacted by significant sell-offs in the banking and financial sectors. Nonetheless, shares in the IT and consumer durable sectors garnered significant buying interest and surpassed the performance of the broader market. The S&P BSE Sensex experienced a decline of 516.33 points, reflecting a decrease of 0.66%, closing at 77,328.19. The Nifty 50 index experienced a decline of 150.50 points, reflecting a decrease of 0.62%, closing at 24,176.15. Over the course of two consecutive trading sessions, the Sensex experienced a decline of 0.80%, whereas the Nifty recorded a decrease of 0.63%.