The SGX Nifty June 2026 futures are presently trading 57.00 points lower, indicating a negative opening for the benchmark index today.
Institutional Flows:
Foreign portfolio investors sold shares amounting to Rs 635.91 crore, whereas domestic institutional investors were net sellers totalling Rs 1,035.72 crore in the Indian equity market on 22 June 2026, according to provisional data. The foreign institutional investors have divested shares amounting to Rs 43,680 crore up to 22 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 exhibited a mixed performance on Wednesday, displaying some instability following a global selloff in technology and semiconductor shares. Analysts have expressed caution regarding the potential for renewed volatility. Meanwhile, oil prices experienced a slight decline on Wednesday as investors monitored the situation regarding tanker traffic and maritime operations in the Strait of Hormuz. International benchmark Brent crude futures for August declined by 0.45%, settling at $76.73 per barrel. U.S. West Texas Intermediate futures for August declined by 0.48%, settling at $72.86 per barrel.
According to the International Maritime Organization, over 11,000 seafarers stranded in the Persian Gulf are set to commence their exit via the Strait of Hormuz. The Strait of Hormuz serves as a crucial conduit for international energy supplies, with approximately 20% of oil shipments transiting this waterway prior to the onset of the Iran conflict. Index provider MSCI maintained South Korea’s classification as a “emerging market” in its latest review on Tuesday, while deferring its evaluation of Indonesia’s status until November.
Overnight on Wall Street, the S&P 500 and the Nasdaq Composite experienced declines on Tuesday, as a technology sell-off that initiated in the previous session intensified. This trend was mirrored in global markets across Asia, where shares related to memory chips faced significant downturns. The broad market index declined by 1.44%, settling at 7,365.46, whereas the tech-heavy Nasdaq experienced a decrease of 2.21%, closing at 25,587.04. The Dow Jones Industrial Average concluded the session with a decline of 45.87 points, representing a decrease of 0.09%, settling at 51,666.84.
Domestic Market:
The benchmark indices experienced a significant decline on Tuesday, as the Sensex fell approximately 900 points and the Nifty dropped below 23,850. This downturn was influenced by unfavourable global signals, outflows from foreign funds, and profit-taking following a recent rally. The decline reflected losses throughout Asian markets, exemplified by a trading halt in South Korea following a more than 9% drop in the KOSPI. Selling pressure intensified in IT and metal stocks amid concerns over softer demand and weaker commodity prices. A stronger US dollar, a weaker rupee, and a spike in India VIX contributed to heightened investor caution.
Pharma and healthcare stocks, however, demonstrated resilience against the broader market weakness. The S&P BSE Sensex declined by 893.39 points, representing a decrease of 1.16%, closing at 76,200.68. The Nifty 50 index experienced a decline of 278.80 points, representing a decrease of 1.16%, closing at 23,824.10.