The SGX Nifty June 2026 futures are presently trading 20.50 points lower, indicating a flat opening for the benchmark index today.

Institutional Flows:

Foreign portfolio investors sold shares valued at Rs 749.18 crore, whereas domestic institutional investors were net buyers amounting to Rs 0.06 crore in the Indian equity market on 16 June 2026, according to provisional data. The FIIs have divested shares amounting to Rs 46,979.55 crore thus far in June (up to 16 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:

Asia markets exhibited a predominantly downward trend early Wednesday as investors positioned themselves in anticipation of the US central bank’s forthcoming interest rate decision. Wednesday’s Federal Open Market Committee meeting represents the inaugural session under the leadership of new Chairman Kevin Warsh at the U.S. central bank. Investors largely anticipate that the Federal Reserve will maintain interest rates within a target range of 3.5% to 3.75%. Meanwhile, Japan’s exports in May experienced their most rapid growth since November 2022, increasing by 17% year on year, propelled by strong demand for automobiles and semiconductors.

Growth exceeded the widely reported figure of 16.2%, marking an increase from the 14.8% recorded in April. Overnight on Wall Street, the Dow Jones Industrial Average reached a record high on Tuesday as investors shifted their focus from chipmakers to cyclical stocks in response to declining oil prices. The 30-stock index experienced an increase of 328.64 points, representing a rise of 0.64%, culminating in a record closing value of 51,999.67. It achieved a new all-time intraday high of 52,190.29 during the session. The S&P 500 experienced a decline of 0.57%, concluding at 7,511.35, whereas the Nasdaq Composite retreated by 1.15%, finishing at 26,376.34.

Domestic Market:

The benchmark indices extended gains for a third consecutive session on Tuesday, buoyed by a decline in crude oil prices, favourable global signals, and a resurgence in foreign institutional investor buying. Sentiment improved following the agreement between the US and Iran to reopen the Strait of Hormuz, alleviating concerns regarding global energy supplies and resulting in Brent crude prices falling below $83 per barrel. Foreign Institutional Investors became net buyers following 13 consecutive sessions of selling, as a stronger rupee and a decrease in India VIX further enhanced risk appetite.

The Nifty reached the 24,000 threshold in late trading but subsequently reduced some of its gains before the market closed, finishing well above the 23,950 level. Gains were underpinned by information technology stocks. However, shares in the metals, healthcare, and pharmaceutical sectors faced downward pressure. The S&P BSE Sensex experienced an increase of 544.15 points, reflecting a rise of 0.71%, reaching a level of 76,808.48. The Nifty 50 index increased by 135.25 points, reflecting a rise of 0.57%, reaching a level of 23,989.15. In the three consecutive trading sessions, the Sensex and Nifty experienced rallies of 4.03% and 3.57%, respectively.