The SGX Nifty June 2026 futures are presently trading 6.50 points higher, indicating a subdued opening for the benchmark index today.
Institutional Flows:
On 03 June 2026, provisional data indicated that foreign portfolio investors (FPIs) divested shares amounting to Rs 5,616.56 crore, whereas domestic institutional investors (DIIs) emerged as net buyers, acquiring shares worth Rs 5,740.89 crore in the Indian equity market. The foreign institutional investors have divested shares amounting to Rs 12,274.60 crore thus far in June (up to 03 June 2026). This follows their cash sales of Rs 55,963.33 crore in May, Rs 70,135.46 crore in April, and Rs 122,540.41 crore in March.
Global Markets:
Asian markets experienced a decline on Thursday, reflecting the losses seen on Wall Street. The ongoing tensions between Iran and the U.S. have contributed to sustained high oil prices, raising concerns regarding energy and inflation. The Kuwait International Airport was struck by Iran early Wednesday, just a day after the U.S. Central Command stated it had successfully neutralised multiple Iranian ballistic missiles and drones, in addition to executing “self-defence strikes” on Qeshm Island in the Persian Gulf. This was in response to “attempted attacks” by Tehran, it stated. If necessary, Israel and the U.S. are prepared to strike Iran again, as reportedly stated by Israeli Prime Minister Benjamin Netanyahu.
Overnight on Wall Street, stocks declined on Wednesday, with the S&P 500 ending a nine-day winning streak, as oil prices and Treasury yields increased amid concerns that the U.S.-Iran conflict could continue to elevate inflation. The 30-stock Dow Jones Industrial Average experienced a decline of 620.72 points, representing a decrease of 1.21%, concluding at 50,687.07. The broad market experienced a decline, with the S&P 500 falling 0.74% to conclude at 7,553.68, while the tech-heavy Nasdaq Composite saw a decrease of 0.89%, ending at 26,853.98.
Domestic Market:
The domestic equity benchmarks exhibited a notable rebound from their intraday lows on Wednesday, as investors engaged in bargain hunting following the morning’s selloff. The Nifty, having dipped to an intraday low of 23,151.50, subsequently rebounded by nearly 250 points, ultimately surpassing the 23,400 threshold in late trading sessions. Investor sentiment showed signs of improvement as there was a notable accumulation of previously undervalued stocks. However, caution persisted amid uncertainty surrounding U.S.-Iran ceasefire negotiations, which kept global energy markets volatile and crude oil prices elevated.
Despite the recovery, the index settled below the 23,450 level, hindered by weakness in IT and FMCG stocks. Analysts indicated that the Nifty exhibits technical weakness, with immediate support identified at 23,300 and resistance at 23,600. The S&P BSE Sensex experienced a decrease of 303.67 points, reflecting a decline of 0.41%, closing at 74,346.17. The Nifty 50 index experienced a decline of 77.95 points, representing a decrease of 0.33%, closing at 23,405.60.