The SGX Nifty July 2026 futures are presently trading 31.50 points higher, indicating a modestly positive opening for the benchmark index today.
Institutional Flows:
On 09 July 2026, provisional data indicated that foreign portfolio investors (FPIs) divested shares amounting to Rs 532.86 crore, whereas domestic institutional investors (DIIs) emerged as net purchasers, acquiring shares valued at Rs 2,057.79 crore in the Indian equity market. The FIIs have acquired shares valued at Rs 1,969.17 crore thus far in July (up to 09 July 2026). This stands in stark contrast to 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 stocks experienced a significant uptick on Friday, primarily driven by advancements in chip and AI companies. Investors appeared to overlook the apprehensions surrounding the halted recovery of energy supplies via the vital Strait of Hormuz, despite the intensifying exchanges of hostilities between the U.S. and Iran. The renewed back-and-forth attacks have further eroded the fragile three-week-old ceasefire, bringing the spotlight back on oil prices and their implications for inflation and the global rates outlook.
Brent crude futures were poised for a 5% increase over the week, marking their most robust weekly performance since early May. However, at $76.03 per barrel, Brent has relinquished a significant portion of the gains it accrued when the conflict commenced at the end of February. Attention will be focused on SK Hynix’s entry into the U.S. market later on Friday, following the firm’s pricing of its American Depositary Receipts at $149 on Thursday. This move has raised approximately $26.5 billion, reflecting a robust investor interest in gaining exposure to the AI supply chain. The blockbuster offering, which will finance new factories and equipment to meet surging AI chip demand, is poised to become the world’s second-largest share sale following SpaceX’s record-breaking IPO last month.
Overnight on Wall Street, stocks experienced an uptick on Thursday, supported by a surge in semiconductors and a decline in oil prices, as equity markets endeavoured to rebound despite escalating U.S.-Iran tensions. The Nasdaq Composite experienced an increase of 1.30%, reaching 26,206.89, whereas the S&P 500 saw a rise of 0.81%, climbing to 7,543.64. The Dow Jones Industrial Average increased by 139.02 points, representing a rise of 0.27%, reaching a total of 52,487.41.
Domestic Market:
Benchmark indices experienced a rebound on Thursday following the significant sell-off in the prior session, bolstered by widespread buying activity and a positive shift in global sentiment. The Nifty concluded the trading session above the 23,950 threshold, buoyed by a reduction in geopolitical tensions following US President Donald Trump’s assertion that a renewed conflict with Iran is improbable.
Meanwhile, renewed foreign institutional investor buying in domestic shares, a stable rupee, and optimism ahead of the first quarter earnings season have bolstered investor sentiment. The broader markets exhibited superior performance relative to the benchmarks. Public sector banks and consumer durables stocks spearheaded the advances. Shares in the IT and automotive sectors, however, continued to face downward pressure.
The S&P BSE Sensex increased by 238.22 points, reflecting a rise of 0.31%, reaching a level of 76,741.82. The Nifty 50 index experienced an increase of 80.75 points, reflecting a rise of 0.34%, reaching a level of 23,962.80. In the previous two trading sessions, the Nifty and Sensex experienced declines of 2.25% and 2.28%, respectively.