SGX Nifty October 2026 futures declined by 33 points, suggesting a bearish start for the Nifty 50.
Institutional Flows:
On 29 September 2026, foreign portfolio investors divested shares amounting to Rs 9,980.22 crore, whereas domestic institutional investors recorded net purchases totalling Rs 6,952.71 crore in the Indian equity market, as per provisional data. Foreign Portfolio Investors divested shares amounting to Rs 34,793.90 crore in September up to the 29th, 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:
US Dow Jones index futures increased by 198 points on Wednesday, indicating a potential rise in the opening of US stocks. Asian equities experienced an upward movement on Wednesday, although regional currencies faced continued pressure due to escalating global bond yields, increasing oil prices, and ongoing tensions between the US and Iran. US stocks concluded the trading session marginally lower on Tuesday, as government bond yields persisted in their ascent in anticipation of crucial inflation and labour market data. Meanwhile, investors were evaluating remarks from Federal Reserve officials for insights regarding the trajectory of interest rates. The Dow Jones Industrial Average declined 131.59 points, or 0.26%, to 51,349.92, while the S&P 500 fell 12.85 points, or 0.17%, to 7,670.84. The Nasdaq Composite experienced a decrease of 22.84 points, representing a decline of 0.08%, closing at 26,797.54.
Longer-dated US Treasury yields experienced an uptick, as the yield on the 30-year bond reached 5.6206%, marking its highest point since June 2002. The benchmark 10-year Treasury yield rose to 5.293%, marking its highest level since June 2007. The 30-year fixed mortgage rate increased to 7.58% on Tuesday. This marked the peak in the ongoing series since November 2023. Expectations for a minimum 25-basis-point increase in the Federal Reserve’s rate at the upcoming October meeting have decreased to 51.5%, down from nearly 70% earlier in the session, as reported by CME FedWatch. This was after New York Fed President John Williams stated that the central bank had the opportunity to evaluate incoming data prior to making a decision on another rate increase. US job openings decreased by 256,000 to 7.079 million in August, marking the lowest level in five months.
Concurrently, the Conference Board’s consumer confidence index declined by 6.7 points to 81.9 in September, reaching its lowest level since 2014. Crude oil prices experienced a decline as apprehensions regarding supply disruptions diminished, following indications of a rebound in Saudi Arabia’s crude exports from its Red Sea ports subsequent to the repair of a critical pipeline. Uncertainty regarding the reopening of the Strait of Hormuz persists in the context of the ongoing US-Iran conflict. Brent crude futures experienced a decline of 2.6%, concluding the session at $102.59 per barrel on Tuesday.
Domestic Market:
The key equity benchmarks experienced a decline for the second consecutive session on Tuesday, influenced by the volatility associated with the F&O expiry day. Persistent uncertainty regarding the Iran conflict and the potential for a peace agreement, ongoing foreign institutional investor selling, depreciation of the rupee, increasing crude oil prices, and high US Treasury yields have negatively impacted market sentiment. The Nifty concluded its trading session beneath the 22,750 threshold. The broader market exhibited underperformance, with the majority of sectoral indices concluding the day in negative territory.
Information Technology, consumer durables, and automotive stocks experienced selling pressure, whereas metal and pharmaceutical stocks saw gains. The S&P BSE Sensex declined by 242.65 points, representing a decrease of 0.33%, closing at 72,529.07. The Nifty 50 index experienced a decline of 64.05 points, reflecting a decrease of 0.28%, closing at 22,716.20. In two sessions, the Sensex experienced a decline of 1.85%, whereas the Nifty recorded a decrease of 1.83%.
