The SGX Nifty May 2026 futures are presently down by 99.00 points, indicating a negative start for the benchmark index today.
Institutional Flows:
On 19 May 2026, provisional data indicated that foreign portfolio investors divested shares amounting to Rs 2,457.49 crore, whereas domestic institutional investors emerged as net purchasers, acquiring shares valued at Rs 3,801.68 crore in the Indian equity market. Foreign Institutional Investors have divested shares amounting to Rs 24,299.62 crore in the month of May, as of 19 May 2026. This is in line with their cash sales of 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 a decline on Wednesday as investors assessed the implications of rising bond yields alongside escalating geopolitical tensions. This followed U.S. President Donald Trump’s assertion on Tuesday that he was “an hour away” from making a decision to strike Iran, although he was ultimately convinced to delay the action for several days. Yields on U.S. Treasurys increased as investors persistently sold off bonds amid concerns that inflation is reemerging. The yield on the 30-year Treasury bond was recently observed trading nearly 1 basis point lower at 5.174%. During the session, it briefly reached 5.197%, representing its highest level since July 2007.
Overnight on Wall Street, stocks closed lower with the S&P 500 recording its third consecutive losing session, as a rise in bond yields posed a challenge to the bull market. The S&P 500 concluded the trading session with a decline of 0.67%, settling at 7,353.61, whereas the Nasdaq Composite experienced a decrease of 0.84%, finishing at 25,870.71. The Dow Jones Industrial Average declined by 322.24 points, representing a decrease of 0.65%, finishing at 49,363.88.
Domestic Market:
The domestic equity benchmarks concluded the trading session marginally lower on Tuesday, as a significant depreciation in the rupee, coupled with a cautious global sentiment, erased the early gains observed on Dalal Street. The rupee depreciated to a new all-time low of 96.60 against the US dollar, leading investors to realize gains. The S&P BSE Sensex decreased by 114.19 points, representing a decline of 0.15%, to finish at 75,200.85. Meanwhile, the Nifty 50 experienced a drop of 31.95 points, or 0.14%, closing at 23,618, falling beneath the 23,650 threshold.
The benchmarks commenced with an optimistic outlook; however, they subsequently faltered as a result of mixed global indicators and the upward pressure from increasing US bond yields, which dampened overall sentiment. Concerns regarding potential foreign fund outflows have reemerged, as elevated US yields diminish the attractiveness of emerging markets such as India. In sectoral terms, IT stocks experienced value buying, providing support to the market, whereas private banks and financial shares faced ongoing pressure.