SGX Nifty September 2026 futures increased by 80 points, suggesting a favourable opening for the Nifty 50. However, sentiment remained fragile as elevated crude oil prices and rising bond yields renewed inflation concerns and heightened apprehensions regarding the outlook for interest rates.
Institutional Flows:
On 9 September 2026, provisional data indicates that foreign portfolio investors divested shares amounting to Rs 582.99 crore, whereas domestic institutional investors engaged in net purchases totalling Rs 1,509.04 crore within the Indian equity market. Foreign Portfolio Investors divested shares amounting to Rs 13,200.41 crore in September up to the 9th of the month in 2026. This follows net cash purchases of Rs 17,366 crore in August 2026, while they were net buyers of Rs 6,731.97 crore in July 2026.
Global Markets:
The US Dow Jones index futures are presently elevated by 142 points, indicating a favourable commencement for US equities today. Asian shares experienced a decline on Thursday, 10 September 2026, reflecting the overnight downturn on Wall Street. This movement was influenced by a significant increase in crude oil prices and rising US Treasury yields, which intensified worries regarding inflation and interest rates. The escalation in the US-Iran conflict, coupled with increasing risks to energy supplies, has maintained a cautious stance among investors. Wall Street concluded the trading day in the red for the third straight session on Wednesday, coinciding with Brent crude surpassing the $100 per barrel mark for the first time since July. The Dow Jones Industrial Average declined 0.77% to 52,380.66, while the S&P 500 fell 0.48% to 7,636.36. The Nasdaq Composite concluded the trading session with a decline of 0.64%, settling at 26,253.34.
The renewed rise in oil prices followed an escalation in the US-Iran conflict, with attacks on oil tankers and shipping in the Middle East raising fears of prolonged disruption to crude supplies. The Strait of Hormuz continues to be a significant focal point for markets, as this waterway has historically facilitated approximately one-fifth of the world’s oil and gas supplies. Elevated oil prices have further complicated the outlook for global central banks. Markets are expressing heightened concern that persistent energy inflation may postpone interest-rate reductions or compel policymakers to uphold a tighter monetary policy for an extended period. Investors are closely monitoring the forthcoming US inflation data, with the Producer Price Index scheduled for release on Thursday and the Consumer Price Index on Friday. The data will be crucial for shaping expectations regarding the Federal Reserve’s policy decision on 15-16 September.
US Treasury yields experienced an upward movement. The benchmark 10-year Treasury yield increased to 4.848% after reaching 4.86%, marking its highest level since November 2023. The 30-year yield rose to 5.297%. Apple has introduced its inaugural foldable iPhone, named the iPhone Duo, in conjunction with the release of the iPhone 18 Pro and Pro Max. The new Pro models commence at a price point that is $100 greater than that of their predecessors. Apple shares experienced a decline of 0.3% on Wednesday, followed by a recovery of 0.6% in after-hours trading.
Domestic Market:
The domestic equity benchmarks concluded sharply lower on Wednesday, marking a third consecutive session of decline as elevated crude oil prices intensified concerns regarding the macroeconomic outlook. Ongoing geopolitical uncertainty, depreciation of the rupee, and a resurgence of foreign institutional investor selling have collectively dampened investor sentiment. The current surge in initial public offerings, featuring 10 issues available for subscription, has also redirected liquidity away from the secondary market.
The Nifty concluded the trading session beneath the 23,450 threshold, primarily influenced by declines in the IT and FMCG sectors. However, shares in the metal and pharmaceutical sectors continued to attract demand. The S&P BSE Sensex declined by 813.35 points, representing a decrease of 1.08%, closing at 74,764.23. The Nifty 50 index experienced a decline of 203.60 points, reflecting a decrease of 0.86%, closing at 23,431.50. Over the past three consecutive sessions, the Sensex and Nifty have experienced declines of 2.29% and 1.95%, respectively.
