The SGX Nifty June 2026 futures are presently trading 42.00 points higher, indicating a positive opening for the benchmark index today.
Institutional Flows:
On 24 June 2026, provisional data indicated that foreign portfolio investors (FPIs) divested shares amounting to Rs 1,843.40 crore, whereas domestic institutional investors (DIIs) were net sellers, offloading shares worth Rs 3,637.26 crore in the Indian equity market. The foreign institutional investors have divested shares amounting to Rs 45,505.54 crore up to June 24, 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 modest uptick on Thursday, buoyed by robust earnings and optimistic forecasts from semiconductor leaders Micron and Qualcomm. This development contributed to easing apprehensions surrounding the fervent AI rally that has propelled global equities to unprecedented levels. Tech-heavy markets in Japan and South Korea experienced gains in trade following Micron’s announcement that its customers had committed $22 billion for its memory chips. Additionally, Qualcomm projected $15 billion in sales from its data centre business by 2029.
Investor apprehension regarding the inflated valuations of AI-related companies, following an extended period of gains, has impacted markets in recent days, resulting in volatile trading sessions. Oil prices continued to fall as stranded tankers departed the Strait of Hormuz after a preliminary agreement aimed at concluding the U.S.-Israeli conflict with Iran, alleviating supply worries. Brent crude futures declined by 0.5% to $73.34 a barrel, approaching pre-war levels. U.S. West Texas Intermediate declined by 0.38%, settling at $70.07 per barrel. Easing oil prices may help reduce some inflation pressure; however, elevated prices are likely to maintain pressure on the U.S. Federal Reserve to raise interest rates, with investors anticipating at least one rate increase this year.
Overnight on Wall Street, the Nasdaq Composite experienced a decline on Wednesday, influenced by a drop in Micron Technology shares, as investors anticipated the forthcoming earnings report from the chipmaker after market close. The tech-heavy index experienced a decline of 0.43%, concluding at 25,476.64, whereas the S&P 500 saw a slight decrease of 0.10%, finishing at 7,358.22. The Dow Jones Industrial Average increased by 182.06 points, representing a 0.35% rise, concluding at 51,848.90.
Domestic Market:
Key equity benchmarks experienced a significant rebound on Wednesday, as the Sensex surged by more than 700 points and the Nifty regained the 24,000 level. The sentiment was bolstered by diminishing worries regarding interest rate hikes following RBI Governor Sanjay Malhotra’s assertion that discussions on rate increases were premature. Sentiment was bolstered by a rebound in South Korean markets, optimism surrounding a prospective India-US trade agreement, a drop in crude oil prices to below $77 per barrel, and increased purchasing by foreign institutional investors.
Gains in heavyweight IT and private banking stocks elevated the indices. The S&P BSE Sensex experienced a significant increase of 790.54 points, reflecting a rise of 1.04%, reaching a level of 76,991.22. The Nifty 50 index experienced an increase of 197.55 points, reflecting a rise of 0.83%, reaching a level of 24,021.65.