The SGX Nifty July 2026 futures are presently trading 28.00 points higher, indicating a flat opening for the benchmark index today.

Institutional Flows:

On 03 July 2026, foreign portfolio investors (FPIs) acquired shares valued at Rs 1,355.33 crore, whereas domestic institutional investors (DIIs) recorded net sales amounting to Rs 1,953.89 crore in the Indian equity market, according to provisional data. The FIIs have divested shares amounting to Rs 96.99 crore thus far in July (up to 03 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 exhibited positive performance on Monday, buoyed by declining oil prices that suggested potential alleviation of inflationary pressures. Despite the absence of new developments in the contentious U.S.-Iran peace negotiations, maritime activity continues in the Strait of Hormuz, with 160 vessels reported transiting the area from Monday to Saturday of the previous week. OPEC+ has reached a consensus to raise output targets by an additional 188,000 barrels per day starting in August, following comparable increments for June and July. Consequently, Brent experienced a decline of 0.6%, approaching four-month lows at $71.70 per barrel, while U.S. crude saw a decrease of 0.5%, settling at $68.38.

The cooling in energy costs, along with a softer U.S. payrolls report, prompted markets to reduce the perceived likelihood of a Federal Reserve rate hike in the near term, with futures indicating a 78% probability of no change at the July 29 meeting. Minutes of the Fed’s last meeting are set to be released on Wednesday and are expected to provide insight into the hawkish stance adopted by certain board members, which occurred prior to the recent decline in oil prices. The US equity markets were closed on Friday (July 03) in recognition of Independence Day. The Dow Jones Industrial Average reached unprecedented levels on Thursday, as market participants responded to a nonfarm payrolls report for June that fell short of expectations.

Meanwhile, the Nasdaq Composite faced challenges, particularly within the semiconductor sector, which continued to underperform. The 30-stock average increased by 594.83 points, representing a rise of 1.14%, culminating in a record close of 52,900.07. The index reached a new all-time intraday peak of 52,903.85. The S&P 500 experienced a modest increase, rising less than 1 point to conclude at 7,483.24. In contrast, the Nasdaq saw a decline of 0.8%, finishing at 25,832.67.

Domestic Market:

Key benchmark indices extended gains for a third consecutive session on Friday, bolstered by favourable global cues. Weaker-than-expected US jobs data bolstered expectations for a Federal Reserve interest rate cut at its forthcoming policy meeting. The Nifty concluded at 24,270.85, driven by advancements in the IT, healthcare, and metal sectors. However, profit booking in the second half reduced intraday gains, while the broader markets underperformed relative to the benchmark indices.

The S&P BSE Sensex increased by 261.79 points, reflecting a rise of 0.34%, reaching a level of 77,763.91. The Nifty 50 index experienced an increase of 95.15 points, reflecting a rise of 0.39%, reaching a level of 24,270.85. In the three consecutive trading sessions, the Sensex experienced a rally of 1.68%, while the Nifty recorded an increase of 1.69%.