The SGX August 2026 futures currently traded 47.50 points higher, indicating a favourable opening for the benchmark index today.
Institutional Flows:
On 05 August 2026, provisional data indicated that foreign portfolio investors divested shares amounting to Rs 943.42 crore, whereas domestic institutional investors emerged as net purchasers, acquiring shares valued at Rs 2,883.17 crore in the Indian equity market. The FIIs have acquired shares valued at Rs 2,425.31 crore thus far in August (up to 05 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 shares paused on Thursday following an AI-driven surge the day before, while oil prices fluctuated within a narrow range as markets evaluated the potential for a peace agreement with Iran. A senior Iranian source and two regional officials were cited by the media indicating that a proposed agreement between Iran and Oman aimed at resolving five months of conflict between Iran and the United States would grant Tehran authority over vessels entering the Gulf via the Strait of Hormuz, representing one of the most significant concessions to Iran to date. Oil prices remained stable within the $70-per-barrel range. Brent crude futures declined to $79.31 per barrel, representing a decrease of 0.18%. U.S. West Texas Intermediate futures declined by 0.35%, settling at $74.96 per barrel.
Overnight on Wall Street, the Dow closed at a record on Wednesday amid indications of advancement towards a peace agreement with Iran, while the Nasdaq experienced its initial decline in five sessions as SpaceX and AMD faced setbacks following their quarterly earnings. The Dow Jones Industrial Average increased by 263.18 points, representing a gain of 0.49%, reaching a level of 54,349.06. In contrast, the S&P 500 experienced a decline of 13.00 points, equivalent to 0.17%, settling at 7,723.52. Meanwhile, the Nasdaq Composite saw a decrease of 221.55 points, or 0.83%, closing at 26,363.44. In its inaugural earnings report following its public offering, SpaceX, under the leadership of Elon Musk, reported a near doubling of revenue alongside a reduction in operating losses. This growth was largely driven by the success of its Starlink satellite communications and artificial intelligence ventures.
However, the company’s shares experienced a decline of 13.6%, primarily due to investor apprehensions regarding the sustainability of its expenditures on AI-related initiatives, including data centers. Shares may encounter further pressure as the expiration of the stock’s post-IPO lock-up period commences on Thursday. Advanced Micro Devices has projected quarterly revenue that exceeds estimates, indicative of robust demand in the AI sector. However, shares declined by 7% as investors seek more substantial evidence that the significant expenditures on AI will lead to accelerated growth.
Domestic Market:
The benchmark indices concluded the trading session on a positive note on Wednesday, following the Reserve Bank of India’s decision to maintain the repo rate at 5.25% and uphold its neutral policy stance. Investor sentiment was bolstered by the RBI’s upward revision of its FY27 GDP growth forecast to 6.7% and a downward adjustment of its inflation projection to 5%. Firm global markets, along with sustained foreign institutional investor (FII) buying and softer crude oil prices, further bolstered sentiment.
The Nifty concluded its trading session above the 24,600 threshold. Realty and auto stocks spearheaded the gains, whereas FMCG, pharma, and banking shares lagged behind. Technically, the Nifty encounters immediate resistance at the 24,775 level, whereas the 24,530 zone is anticipated to offer near-term support. The S&P BSE Sensex increased by 152.05 points, reflecting a rise of 0.19%, reaching a level of 78,581. The Nifty 50 index experienced an increase of 9.75 points, reflecting a rise of 0.04%, reaching a level of 24,624.65.