The SGX Nifty July 2026 futures are presently trading 18.50 points higher, indicating a positive opening for the benchmark index today.
Institutional Flows:
On 15 July 2026, provisional data indicated that foreign portfolio investors divested shares amounting to Rs 735.83 crore, whereas domestic institutional investors recorded net purchases totalling Rs 704.93 crore in the Indian equity market. The FIIs have acquired shares amounting to Rs 35.10 crore thus far in July (up to 15 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 shares experienced a decline on Thursday, driven by a downturn in chipmakers in anticipation of results from the leading Taiwan Semiconductor Manufacturing Co, recognised as the world’s foremost producer of advanced AI chips. Bonds, however, benefited from another benign reading on U.S. inflation that lessened the risk of an imminent rate hike. In a related development, South Korea’s central bank raised interest rates for the first time in three and a half years to 2.75% on Thursday to stabilise a slumping won and counter persistent inflationary pressure. The decision aligned closely with prevailing expectations.
Conversely, oil prices continued to rise as tensions escalated in the Middle East. Washington persisted in its military actions against Iran following the reestablishment of a naval blockade on its ports, as Tehran issued a warning of a “existential war” with the United States. Brent crude futures increased by 0.6%, reaching $85.45 per barrel, contributing to a weekly gain of 12%. Overnight in the US, Wall Street stocks experienced an uptick on Wednesday, driven by easing inflation data and a strong start to the second-quarter earnings season, which encouraged investors to adopt a buying stance. In regular trading, the Dow increased by 150.91 points, representing a rise of 0.3%, concluding the day at 52,659.18. The broad market S&P gained 0.4%, finishing at 7,572.43, and the tech-heavy Nasdaq Composite rose 0.6% to 26,269.23.
A softer-than-expected U.S. producer price index has contributed to a growing optimism regarding the cooling of inflation, which in turn has buoyed equities and offered reassurance to investors that the Federal Reserve may maintain its current stance on key interest rates. Furthermore, robust earnings reported by leading financial institutions have provided reassurance to investors regarding the continuity of earnings growth, even in the context of declining inflation. Simultaneously, reduced Treasury yields have enhanced the appeal of growth stocks, especially those within the mega-cap technology sector.
Domestic Market:
Domestic equity benchmarks relinquished a significant portion of their intraday gains on Wednesday as investors engaged in profit-taking, prompted by renewed apprehensions regarding escalating tensions between the US and Iran, alongside increasing crude oil prices. After reaching an intraday peak of 24,220.35, the Nifty reduced its gains to finish at 24,078.50. Financial stocks, which spearheaded the initial rally in response to softer-than-anticipated U.S. inflation data, continued to rank among the leading gainers. In contrast, IT shares faced downward pressure following IBM’s issuance of weaker-than-expected guidance.
Investor sentiment has adopted a more cautious stance as Brent crude remains around $86 a barrel, reflecting apprehensions regarding possible disruptions to global energy supplies. Technically, the Nifty encounters immediate resistance within the 24,200-24,250 range, whereas 24,000 serves as a significant support level. The S&P BSE Sensex advanced 130.49 points or 0.17% to 77,185.43. The Nifty 50 index experienced an increase of 26.45 points, reflecting a rise of 0.11%, reaching a level of 24,078.50. In the last three consecutive trading sessions, the Nifty experienced a decline of 1.38%, whereas the Sensex recorded a decrease of 1.45%.