The SGX August 2026 futures are currently trading 47.50 points higher, indicating a favourable opening for the benchmark index today.
Institutional Flows:
Foreign portfolio investors acquired shares valued at Rs 922.26 crore, whereas domestic institutional investors were net purchasers amounting to Rs 1,571.18 crore in the Indian equity market on 30 July 2026, according to provisional data. The FIIs have acquired shares valued at Rs 922.26 crore thus far in August (up to 03 August 2026). This follows their cash sales of Rs 5,778.99 crore in July, Rs 49,028.63 crore in June, and Rs 55,963.33 crore in May.
Global Markets:
Asian markets exhibited measured gains at the commencement of trading, as investors tracked a global rally. Concurrently, oil prices remained close to their lowest levels in weeks, reflecting the ongoing stalemate in the U.S.-Iran conflict. Oil prices experienced modest increases as trading commenced in Asia, with Brent crude rising 0.6% to $84.29 a barrel, following a decline to a three-week low on Monday. This drop occurred after U.S. President Donald Trump indicated that he had refrained from launching a new attack on Iran as a sign of goodwill in ongoing peace negotiations. However, Tehran has refuted claims that any negotiations are currently underway.
Market pricing continues to suggest that the Federal Reserve’s meeting in September will result in an increase in interest rates. Fed funds futures are pricing an implied 65% probability of a 25-basis-point hike at the U.S. central bank’s next two-day meeting ending on September 16, according to the CME Group’s FedWatch tool. Federal Reserve Bank of New York President John Williams reportedly expressed optimism regarding the gradual easing of inflation pressures, while also indicating that the Fed will raise rates if inflation does not decelerate. Overnight in the US, markets gained confidence from data indicating that U.S. manufacturing activity rose to its highest level in over four years in July, propelling the Dow Jones to a record close.
The Dow Jones Industrial Average increased by 693.38 points, representing a rise of 1.32%, reaching a level of 53,178.41. The S&P 500 experienced an uptick of 110.78 points, equivalent to 1.48%, closing at 7,600.50. Meanwhile, the Nasdaq Composite advanced by 540.04 points, or 2.13%, ending at 25,913.90. Investors are set to receive multiple indicators regarding the labour market this week, culminating in the government jobs report scheduled for Friday.
Domestic Market:
The benchmark indices concluded the trading day on a positive note on Monday, marking an extension of gains for the fourth consecutive session. The rally was propelled by a significant drop in Brent crude oil prices, coinciding with a reduction in geopolitical tensions in the Middle East. Continued foreign institutional investor inflows over the past few sessions have further bolstered sentiment. Widespread purchasing activity propelled the majority of sectoral indices, with both midcap and smallcap indices also concluding in positive territory.
The Nifty concluded the trading session above the 24,750 threshold, buoyed by advancements in the IT and private banking sectors. Technically, immediate resistance is observed around the 24,800 level, while the 24,100 zone is anticipated to serve as key support. The S&P BSE Sensex experienced an increase of 544.39 points, reflecting a rise of 0.70%, reaching a level of 78,639.03. The Nifty 50 index experienced an increase of 390.70 points, reflecting a rise of 1.60%, reaching a level of 24,774.30. In a span of four consecutive sessions, the Sensex experienced a rally of 2.44%, whereas the Nifty saw an increase of 3.29%.