The SGX Nifty June 2026 futures currently traded 98.50 points lower, indicating a negative opening for the benchmark index today. India’s combined Index of Eight Core Industries (ICI) experienced a deceleration to 0.5% year-on-year in May 2026, compared to 1.8% in April, as per provisional data released by the government. The production of steel, cement, and electricity exhibited positive growth during the month in comparison to May 2025. The cumulative growth rate of the index during April-May 2026-27 was recorded at 1.1% (provisional) in comparison to the same period of the preceding year.

Institutional Flows:

On 22 June 2026, provisional data indicated that foreign portfolio investors (FPIs) divested shares amounting to Rs 635.91 crore, whereas domestic institutional investors (DIIs) were net sellers, offloading shares worth Rs 1,035.72 crore in the Indian equity market. The foreign institutional investors have divested shares amounting to Rs 43,680 crore up to June 22, 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 Tuesday as investors contended with increasing expectations that the Federal Reserve may implement more assertive measures to address inflation in the coming months. Oil prices continued to decline as supply concerns diminished following remarks from U.S. Vice President JD Vance, who indicated that advancements had been achieved in negotiations with Iran and confirmed that the Strait of Hormuz remained accessible. Investors are contending with the prospect of an expedited timeline for rate increases, driven by a more assertive Federal Reserve under the stewardship of new Chair Kevin Warsh. A pivotal examination for the market this week will occur with Thursday’s publication of May’s data on the personal consumption expenditures price index, which is the Federal Reserve’s favoured measure of inflation.

Even excluding volatile food and energy prices, core PCE is anticipated to rise from April, based on insights from economists surveyed by FactSet. Fed funds futures indicate a 54% implied probability of at least two 25-basis-point hikes before the end of the year, a significant increase from the 15.2% chance observed a week prior, as reported by the CME Group’s FedWatch tool. Overnight on Wall Street, the S&P 500 experienced a decline on Monday, primarily influenced by downturns in technology stocks. Wall Street evaluated the recent progress in the Iran war negotiations while anticipating the forthcoming inflation data that is closely monitored by the Federal Reserve.

The broad market index decreased by 0.37%, closing at 7,472.79, whereas the Nasdaq Composite experienced a decline of 1.32%, finishing at 26,166.60. The Dow Jones Industrial Average increased by 148.01 points, representing a rise of 0.29%. A pivotal examination for the market this week will occur with Thursday’s publication of May’s data on the personal consumption expenditures price index, which is the Federal Reserve’s favoured measure of inflation. Even excluding volatile food and energy prices, core PCE is anticipated to rise from April, according to economists.

Domestic Market:

Domestic equities advanced on Monday, driven by cooling oil prices and fresh foreign institutional investor inflows that bolstered risk appetite. Purchases in substantial Reliance Industries and healthcare stocks drove the Nifty beyond the 24,100 mark. The gains were partially counterbalanced by a decline in consumer durables and FMCG stocks.

The S&P BSE Sensex increased by 291.17 points, reflecting a rise of 0.38%, reaching a level of 77,094.07. The Nifty 50 index experienced an increase of 89.80 points, reflecting a rise of 0.37%, reaching a level of 24,102.90.