The SGX August 2026 futures are presently trading 62.50 points lower, indicating a negative opening for the benchmark index today.
Institutional Flows:
Foreign portfolio investors (FPIs) acquired shares valued at Rs 480.24 crore, whereas domestic institutional investors (DIIs) recorded net purchases amounting to Rs 235.56 crore in the Indian equity market on 07 August 2026, according to provisional data. The FIIs have acquired shares valued at Rs 2,887.69 crore thus far in August (up to 07 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 share markets generally moved higher on Monday following a weaker U.S. jobs report, which reduced the likelihood of an imminent increase in borrowing costs. However, stagnant developments in Gulf peace negotiations contributed to a slight uptick in oil prices. Iran announced on Sunday that negotiations with Oman regarding the establishment of new shipping lanes in the Strait of Hormuz are nearing completion. However, it emphasised that the reopening of the waterway is contingent upon the United States fulfilling additional requirements. Brent crude increased by 1.0% to $84.40 a barrel, as shipping thru the crucial waterway continued at a minimal level, while U.S. crude saw a rise of 0.8% to $78.80 a barrel.
Meanwhile, the Bank of Japan policymakers have cautioned about escalating inflation risks that may necessitate a swift and more rapid pace of interest rate increases, as indicated by a summary of opinions from their July meeting, thereby strengthening the argument for a September hike. Last week, U.S. stocks experienced an upward trajectory on Friday, culminating in the S&P achieving a record high, thereby concluding a robust week of gains for the major indexes. This movement followed data indicating that the U.S. economy unexpectedly lost jobs last month, which tempered expectations regarding a potential interest rate hike by the Federal Reserve at its September meeting. The Dow Jones Industrial Average increased by 151.83 points, representing a rise of 0.28%, reaching a level of 54,036.93. Meanwhile, the S&P 500 saw an uptick of 47.68 points, equivalent to 0.62%, bringing it to 7,757.64.
The Nasdaq Composite experienced a gain of 342.26 points, or 1.30%, concluding at 26,690.62. The Labour Department reported a decline in nonfarm payrolls, with a reduction of 23,000 jobs last month, significantly underperforming the widely anticipated estimate of an increase of 80,000 jobs. Previously reported job gains for the prior two months were revised sharply lower, while the unemployment rate decreased to 4.1% last month from 4.2% in June, attributed to workers exiting the labour force. Market expectations for a rate hike from the Fed at its next meeting have decreased to approximately 44%, as indicated by CME FedWatch, a decline from 55% in the previous session and 67% a week earlier.
Domestic Market:
The benchmark indices concluded the trading session on Friday with slight declines, interrupting a two-day upward trend. Sentiment remained subdued throughout the session as declines in major financial stocks, particularly private banks and NBFCs, overshadowed gains in information technology and automotive shares. The Nifty concluded below the 24,600 threshold, as investors exhibited caution in anticipation of the US July jobs report, a critical metric for assessing the Federal Reserve’s interest rate trajectory.
Despite the decline, the broader market exhibited resilience, as midcap and smallcap stocks outperformed the benchmark indices. The S&P BSE Sensex experienced a decrease of 455.59 points, reflecting a decline of 0.58%, closing at 78,499.17. The Nifty 50 index experienced a decline of 65.35 points, reflecting a decrease of 0.27%, closing at 24,570.65. In the preceding two sessions, the Sensex experienced an increase of 0.67%, whereas the Nifty saw a modest rise of 0.09%.