The SGX Nifty July 2026 futures are presently down by 92.00 points, indicating a potential decline in the benchmark index at the opening today.

Institutional Flows:

On 17 July 2026, provisional data indicated that foreign portfolio investors (FPIs) divested shares amounting to Rs 376.41 crore, whereas domestic institutional investors (DIIs) recorded net purchases totalling Rs 1,017.89 crore in the Indian equity market. The foreign institutional investors have divested shares amounting to Rs 4,546.87 crore up to July 17, 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 share markets exhibited a mixed performance on Monday, as the intensifying conflict in the Gulf led to a rise in oil prices, thereby heightening concerns regarding inflation. Brent crude climbed above $90 a barrel for the first time in more than a month as the U.S. military commenced a ninth consecutive day of attacks against Iran, which subsequently targeted various locations across the region. Only a limited number of vessels navigated the Strait of Hormuz on Sunday, with reports indicating that one of them was ablaze.

In the commodity market, Brent increased by 2.6% to $90.40 per barrel, while U.S. crude experienced a rise of 2.3% to $84.39. The increase in fuel costs has reignited concerns regarding inflation, despite the recent U.S. consumer price data presenting a surprising decline last week. This development has led futures markets to reportedly anticipate 29 basis points of Federal Reserve rate hikes by the end of the year. Futures indicate a 60% probability of an interest rate increase as soon as September, resulting in yields on 30-year Treasuries surpassing the significant 5.0% threshold once again. This is a level that typically diverts funds from equities to fixed income, simultaneously raising the valuation threshold for future corporate earnings.

Last week, equities experienced another decline on Friday, resulting in a weekly downturn for Wall Street, as traders assessed the latest developments in semiconductor companies alongside recent quarterly earnings reports. The broad market index declined by 1.01%, closing at 7,457.69, whereas the Nasdaq Composite experienced a drop of 1.4%, finishing at 25,520.24, as technology stocks faced increased scrutiny. The Dow Jones Industrial Average experienced a decline of 406.55 points, translating to a decrease of 0.77%, ultimately closing at 52,146.42. Alongside chips, shares of Netflix experienced a significant decline on Friday, dropping over 7% as the company’s forecast did not alleviate investor apprehensions regarding a slowdown in growth.

Domestic Market:

Key equity benchmark indices experienced a notable increase on Friday, defying weak global cues. The Nifty 50 concluded above the 24,300 threshold, while the Sensex surged by nearly 1,000 points. The rally was driven by robust purchasing in IT and banking sectors following positive quarterly earnings from Tech Mahindra and Jio Financial Services, while anticipation surrounding Reliance Industries’ June-quarter results provided additional support to heavyweight stocks. Value buying in large-cap counters, coupled with a technical breakout above the 24,200 level, contributed to the momentum of the upmove.

However, the broader market remained under pressure, with midcap and smallcap indices concluding lower, suggesting that gains were concentrated in large-cap stocks. The S&P BSE Sensex experienced a notable increase of 964.58 points, representing a rise of 1.25%, reaching a level of 78,151.45. The Nifty 50 index experienced an increase of 261.55 points, reflecting a rise of 1.09%, reaching a level of 24,334.30.