As of right now, the SGX Nifty July 2026 futures are up 1.00 points, indicating that the benchmark index will open flat today.

Institutional Flows:

On 21 July 2026, provisional data indicated that foreign portfolio investors acquired shares valued at Rs 1,650.16 crore, whereas domestic institutional investors recorded net sales amounting to Rs 656.88 crore in the Indian equity market. The FIIs have divested shares amounting to Rs 4,017.75 crore thus far in July (up to 21 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 Wednesday, influenced by a recovery in U.S. markets, while largely disregarding the rise in oil prices amid threats from Houthi rebels to escalate the ongoing Middle East conflict. In the commodity markets, brent crude increased by 0.6% to $91.55 a barrel following the reversal of two oil tankers transporting Saudi crude to Asia in the Red Sea on Tuesday, prompted by threats of attack from Yemen’s Iran-aligned Houthis. Overnight in the US, the S&P 500 experienced a decline on Monday as oil prices increased in reaction to the recent military exchanges between the U.S. and Iran.

The broad market index declined by 0.19%, concluding at 7,443.28, whereas the Nasdaq Composite experienced a slight decrease of 0.05%, finishing at 25,508.07. The Dow Jones Industrial Average declined by 307.16 points, representing a decrease of 0.59%, closing at 51,839.26. The U.S. completed its ninth consecutive day of strikes on Iran overnight; however, investor sentiment improved by midmorning in London following remarks from Iranian Foreign Ministry spokesman Esmail Baghaei, which raised hopes for a diplomatic settlement.

Baghaei was quoted by the media stating that intermediaries had persisted in exchanging messages with Iran during the recent series of U.S. strikes, and indicated that negotiations between the two adversaries could be advanced in accordance with national interests.

Domestic Market:

Key equity benchmarks concluded the trading session on Tuesday with a decline, as the Nifty settled beneath the 24,200 threshold. This downturn was influenced by elevated crude oil prices, persistent selling by foreign institutional investors, and a downturn in HDFC Bank’s performance. Brent crude remained stable at approximately $90 a barrel, influenced by persistent tensions in the Middle East, which are raising apprehensions regarding inflation and corporate profit margins.

Despite the decline in benchmark indices, midcap and smallcap stocks demonstrated superior performance driven by stock-specific earnings optimism. Among sectoral indices, auto and metal shares experienced gains, whereas PSU banks, IT, and energy stocks concluded the day on a lower note. The S&P BSE Sensex experienced a decrease of 238.41 points, reflecting a decline of 0.31%, closing at 77,470.11. The Nifty 50 index experienced a decline of 50.80 points, representing a decrease of 0.21%, closing at 24,187.70.