The SGX Nifty June 2026 futures are presently trading 16.50 points higher, indicating a flat opening for the benchmark index today.
Institutional Flows:
On 04 June 2026, provisional data indicated that foreign portfolio investors (FPIs) divested shares amounting to Rs 4,447.06 crore, whereas domestic institutional investors (DIIs) engaged in net purchases totalling Rs 4,360.14 crore in the Indian equity market. The foreign institutional investors have divested shares amounting to Rs 22,338.22 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 Friday, influenced by the significant drop in major technology stocks on Wall Street overnight. Overnight in the U.S., the Dow Jones Industrial Average rallied to a fresh all-time high, while the Nasdaq Composite underperformed as investors appeared to rotate out of chip names in favour of non-tech stocks. The 30-stock Dow surged by 874.86 points, representing a 1.73% increase, to finish at an unprecedented 51,561.93. The Nasdaq experienced a decline of 0.09%, concluding at 26,830.96, whereas the S&P 500 recorded an increase of 0.41%, finishing at 7,584.31.
The rotation was initiated by a sell-off in Broadcom, prompting investors to reduce their exposure to AI-linked stocks. The chipmaker experienced a decline of over 12% following its fiscal second-quarter revenue falling short of projections. Chip names, which spearheaded the recent ascent in the market’s rally to unprecedented heights, experienced a widespread decline. The VanEck Semiconductor ETF experienced a decline of over 1%. Arm Holdings experienced a decline of over 4%, whereas Micron Technology saw a drop of nearly 8%.
Equities faced downward pressure due to concerns surrounding the Middle East. Recent negotiations aimed at concluding the conflict have produced conflicting signals, unsettling global markets and leading to a surge in oil and petrol prices.
Domestic Market:
The benchmark indices concluded the trading session on Thursday with a slight uptick, following a day characterised by significant volatility and pronounced fluctuations due to the weekly Sensex F&O expiry. Sentiment exhibited a cautious stance in light of geopolitical tensions in the Middle East and ongoing selling by foreign institutional investors (FIIs). However, reports indicating that the government might eliminate taxes on foreign portfolio investments in government securities bolstered market confidence. Investors remained cautious, opting to stay on the sidelines in anticipation of the Reserve Bank of India’s monetary policy decision scheduled for 5 June 2026.
Market participants are closely monitoring the central bank’s indications regarding interest rates, inflation, growth, and liquidity. Despite the volatile trading conditions, the broader markets demonstrated superior performance. Mid-cap and small-cap stocks experienced consistent purchasing activity, while shares in consumer durables and public sector banks contributed to the Nifty’s closure above the 23,400 threshold. The S&P BSE Sensex increased by 13.84 points, reflecting a change of 0.02%, reaching a level of 74,360.01. The Nifty 50 index increased by 10.95 points, representing a 0.05% rise, reaching a level of 23,416.55.