The SGX Nifty June 2026 futures are presently trading 59.50 points higher, indicating a positive opening for the benchmark index today.
Institutional Flows:
On 29 May 2026, provisional data indicated that foreign portfolio investors divested shares amounting to Rs 21,105.86 crore, whereas domestic institutional investors emerged as net purchasers, acquiring shares worth Rs 16,764.14 crore in the Indian equity market. The foreign institutional investors have divested shares amounting to Rs 55,963.33 crore in May. This follows 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:
Asia markets exhibited a mixed performance on Monday as investors assessed the ongoing uncertainty surrounding U.S.-Iran negotiations, particularly following President Donald Trump’s assertion that he was in “no hurry” to finalise a deal to resolve the conflict. The U.S. and Iran have yet to reach a conclusive agreement to resolve the ongoing conflict, as stated by Trump during an interview with his daughter-in-law, Lara Trump, on a media channel this past Saturday. He emphasised his commitment to securing an agreement that would guarantee Iran does not obtain a nuclear weapon. While he expressed a preference for a swift resolution, he emphasised that he was not hastening negotiations and cautioned that military action could recommence if discussions fail.
Meanwhile, in China, manufacturing activity expanded at a pace exceeding expectations in May, as indicated by a private survey released on Monday. However, this growth exhibited a deceleration compared to the previous month and stood in contrast to softer official data that suggests a weakening momentum within the sector. The RatingDog China General Manufacturing Purchasing Managers’ Index, compiled by S&P Global, registered at 51.8, slightly exceeding the anticipated figure of 51.6 that received considerable media attention.
Last Friday on Wall Street, U.S. equities concluded at unprecedented levels, while crude prices experienced a decline, contributing to a successful month for the major averages, driven by advancements in technology. The Nasdaq Composite settled up 0.2% at 26,972.62, while the S&P 500 climbed 0.22% to 7,580.06. The Dow Jones Industrial Average concluded the trading session with an increase of 363.49 points, representing a rise of 0.72%, closing at 51,032.46. All three indexes reached new all-time intraday highs earlier as well.
Domestic Market:
The primary equity benchmarks concluded the trading session on Friday with significant declines, marking a continuation of losses for the third consecutive day. Sentiment continued to exhibit weakness in light of escalating geopolitical tensions in the Middle East, coupled with apprehensions regarding a monsoon season that is projected to be slightly below the norm, as indicated by the India Meteorological Department’s forecast of rainfall at approximately 90% of the long-period average. The Nifty concluded the trading session beneath the 23,550 threshold, impacted by declines in the energy, metal, and automotive sectors.
Investors exhibited a degree of caution while evaluating the likelihood of peace in the Middle East and its possible ramifications for crude oil prices. Market participants are looking for increased clarity regarding geopolitical developments before making new directional investments. Selling pressure intensified in the final half hour of trade as the latest MSCI index rebalancing took effect. MSCI has announced the inclusion of Federal Bank, Multi Commodity Exchange of India, National Aluminium Company, and Indian Bank in its Global Standard Index.
Concurrently, Hyundai Motor India, Jubilant FoodWorks, Kalyan Jewellers, and Rail Vikas Nigam were excluded. The changes became effective from 29 May 2026. The S&P BSE Sensex declined by 1,092.06 points, representing a decrease of 1.44%, closing at 74,775.74. The Nifty 50 index experienced a decline of 359.40 points, representing a decrease of 1.50%, closing at 23,547.75. In the past three trading sessions, the Sensex and Nifty experienced declines of 2.23% and 2.01%, respectively.