SGX Nifty October 2026 futures increased by 15 points, suggesting a favourable opening for the Nifty 50.
Institutional Flows:
On 22 September 2026, foreign portfolio investors divested shares amounting to Rs 3,809.99 crore, whereas domestic institutional investors recorded net purchases totalling Rs 4,120.07 crore in the Indian equity market, as per provisional data. Foreign Portfolio Investors divested shares amounting to Rs 20,065.46 crore in September up to 22 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 equities exhibited a varied performance on Wednesday, with Japan’s markets remaining shuttered in observance of a holiday. Caution ahead of the US-China summit also kept broader moves in equities subdued. Trump and Chinese President Xi Jinping are set to convene in Washington on Thursday, 24 September, with market participants closely monitoring potential advancements in trade and artificial intelligence. US stocks concluded the trading session on Tuesday with a mixed performance. The Nasdaq Composite achieved a record high for the second consecutive day, buoyed by advancements in technology and stocks associated with artificial intelligence. The Dow Jones Industrial Average experienced a decline of 0.36%, whereas the S&P 500 remained largely unchanged at 7,764.64. The Nasdaq advanced by 0.45%, reaching a level of 27,244.28.
Technology and AI stocks continued to attract attention in light of the positive sentiment surrounding Meta Platforms’ recent introduction of its AI assistant, Muse. The launch has contributed to heightened expectations regarding the broader adoption of AI agents and bolstered advancements in technology and semiconductor equities. Officials from the United States and Iran engaged in discussions during the United Nations General Assembly in New York. Trump characterised the meeting as productive, whereas Iranian officials reaffirmed their conditions for the reopening of the Strait of Hormuz, which include a decrease in US military pressure.
Oil prices continued to fall in the wake of reports indicating diplomatic engagement. Brent crude declined beneath the $99-a-barrel threshold, as market participants monitored reports indicating that Saudi Arabia was gearing up to resume operations on its East-West oil pipeline. Reports indicating that Iran might consider reopening the Strait of Hormuz contingent upon specific conditions have further fuelled expectations regarding enhanced supply flows. The recent developments have alleviated certain apprehensions regarding potential disruptions in energy supply, yet geopolitical risks continue to persist.
Domestic Market:
The key equity benchmarks halted a four-session winning streak on Tuesday, as the Nifty concluded below the 23,350 mark. Selling in IT, FMCG, and PSU bank stocks overshadowed the gains observed in metal and realty shares. The market commenced the day on an upward trajectory, buoyed by favourable global indicators; however, it faced downward pressure as the session progressed. The decline of Brent crude prices below $100 a barrel offered a degree of respite. The S&P BSE Sensex experienced a decrease of 329.91 points, reflecting a decline of 0.44%, closing at 74,529.08. The Nifty 50 index experienced a decline of 85.30 points, reflecting a decrease of 0.36%, settling at 23,329. The 50-unit index experienced an increase of 1.28% over the last four consecutive sessions.
