The SGX Nifty July 2026 futures are presently trading 55.50 points higher, indicating a favourable opening for the benchmark index today.
Institutional Flows:
Foreign portfolio investors divested shares amounting to Rs 311.82 crore, whereas domestic institutional investors emerged as net purchasers, acquiring shares valued at Rs 1,784.40 crore in the Indian equity market on 02 July 2026, according to provisional data. The FIIs have divested shares amounting to Rs 1,452.32 crore thus far in July (as of 02 July 2026). This follows their cash sales of Rs 49,028.63 crore in June, Rs 55,963.33 crore in May, and Rs 70,135.46 crore in April.
Global Markets:
Asian markets experienced gains on Friday following a tepid U.S. jobs report that dampened expectations for a near-term rate increase from the Federal Reserve. Additionally, regional activity indicators suggested economic growth in June. The Purchasing Managers’ Index (PMI) data released on Friday indicated increased activity across the region. Japan’s services sector experienced a rebound in June, moving back into expansion after a period of stagnation in the previous month. However, business confidence continues to be dampened by worries regarding tensions in the Middle East and escalating cost pressures, according to a private survey released on Friday. The S&P Global final Japan Services Purchasing Managers’ Index (PMI) increased to 52.2 in June from 50.0 in May, indicating a resurgence in business activity.
Meanwhile, China’s services activity expanded at a slightly slower pace in June as growth in new business eased. However, overseas demand rose at the fastest rate in 20 months, according to a private-sector survey released on Friday. The RatingDog China General Services Purchasing Managers’ Index, compiled by S&P Global, decreased to 54.1 from 54.4 in May, remaining above the 50-mark that delineates expansion from contraction.
Overnight on Wall Street, the Dow Jones Industrial Average reached record highs on Thursday as investors responded to a weaker-than-expected nonfarm payrolls report for June, while the Nasdaq Composite underperformed as semiconductors faced challenges once again. The 30-stock average increased by 594.83 points, representing a rise of 1.14%, achieving a record closing value of 52,900.07. The index reached a new all-time intraday high of 52,903.85. The S&P 500 experienced a marginal increase of less than 1 point, concluding at 7,483.24, whereas the Nasdaq saw a decline of 0.8%, finishing at 25,832.67.
Domestic Market:
Benchmark indices extended their gains for a second consecutive session on Thursday, bolstered by widespread purchasing in the IT and automotive sectors. Sentiment was further supported by the decline in crude oil prices, coinciding with the ongoing peace negotiations between the US and Iran. The Nifty concluded the trading session above the 24,150 threshold, while the Nifty IT index experienced a rebound of nearly 5% following four successive sessions of declines.
Broader markets exhibited superior performance, primarily driven by small-cap stocks, while PSU bank shares diverged from this trend and concluded the day lower. The S&P BSE Sensex experienced an increase of 579.48 points, representing a rise of 0.75%, reaching a level of 77,502.12. Concurrently, the Nifty 50 saw an advancement of 169.85 points, equivalent to a 0.71% gain, bringing it to 24,175.70. Over the course of the last two trading sessions, the Sensex has experienced an increase of 1.33%, while the Nifty has seen a rise of 1.29%.