SGX Nifty October 2026 futures declined by 44.50 points, suggesting a bearish opening for the Nifty 50.
India’s core sector output growth decelerated to 4.8% year-on-year in August 2026, down from a revised 5.0% growth recorded in July. The eight core industries initially recorded a growth rate of 5.4% in July, which was later revised down to 5.0%. The growth observed in August was bolstered by an increase in the production of cement and electricity, which experienced rises of 12.5% and 11.6%, respectively. Steel production experienced a rise of 3.4%, in contrast to the decreases observed in the output of coal, crude oil, natural gas, and fertilisers.
Institutional Flows:
On 21 September 2026, foreign portfolio investors divested shares amounting to Rs 576.20 crore, whereas domestic institutional investors recorded net purchases totalling Rs 2,797.27 crore in the Indian equity market, as per provisional data. Foreign Portfolio Investors divested shares amounting to Rs 19,390.86 crore in September up to 21 September 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:
Asian stock markets experienced an uptick on Tuesday, following a robust overnight rally on Wall Street. The positive momentum was bolstered by advancements in technology stocks and a decline in crude oil prices, which collectively enhanced investor sentiment. US stocks concluded the trading session on Monday with notable gains, as the Nasdaq Composite achieved a record closing high, driven by renewed investor interest in artificial intelligence-related equities. The Dow Jones Industrial Average rose 0.71% to 52,048.83, while the S&P 500 gained 1.49% to 7,764.70. The Nasdaq advanced by 2.26%, reaching a level of 27,122.09.
Among major technology stocks, Nvidia experienced an increase of 2.30%, AMD saw a notable jump of 9.95%, Intel recorded a rally of 12.14%, Microsoft achieved a gain of 1.59%, Amazon advanced by 1.87%, Meta Platforms surged impressively by 11.43%, and Apple rose modestly by 0.85%. Semiconductor stocks spearheaded the broader technology rally, as evidenced by the Philadelphia Semiconductor Index’s increase of 4.29%. Oil prices continued to attract attention following a 3.4% decline in Brent crude on Monday, bringing it to approximately $100.34 per barrel. Brent was trading near $100.22 on Tuesday as investors evaluated indications of alleviating supply disruptions and potential diplomatic engagement between the US and Iran.
Saudi Arabia has augmented crude shipments from its Gulf terminals in response to interruptions affecting its East-West pipeline. US President Donald Trump indicated he was “probably open” to a meeting with Iranian President Masoud Pezeshkian during the United Nations General Assembly in New York this week. The potential for direct negotiations has heightened anticipations regarding diplomatic initiatives aimed at alleviating tensions and mitigating risks to regional energy supplies. The Trump administration has reportedly proposed investing $5 billion in a fund aimed at assisting Middle Eastern countries in reconstructing energy infrastructure that was damaged during the Iran war, with the objective of diminishing their reliance on the Strait of Hormuz.
Domestic Market:
The key equity benchmarks concluded the trading session on a positive note on Monday, buoyed by a decline in crude oil prices and a resurgence of purchasing activity in major stocks. The Nifty concluded its trading session above the 23,400 threshold. Sectorally, there was a notable demand for pharma, FMCG, and realty shares, whereas metal, PSU bank, and IT stocks experienced a decline. Global cues exhibited a broadly positive trend, as the majority of Asian markets experienced gains and US equity futures indicated an upward trajectory.
Investors maintained their attention on the upcoming meeting between US President Donald Trump and Chinese President Xi Jinping later this week, with trade and economic relations being pivotal areas of scrutiny. The S&P BSE Sensex increased by 564.03 points, reflecting a rise of 0.76%, reaching a level of 74,858.99. The Nifty 50 index experienced an increase of 67.90 points, reflecting a rise of 0.29%, bringing the total to 23,414.30.
