SGX Nifty October 2026 futures have increased by 62 points, indicating a favourable start for the Nifty 50.
Institutional Flows:
On 7 October 2026, provisional data indicates that foreign portfolio investors divested shares amounting to Rs 6,121.37 crore, whereas domestic institutional investors recorded net purchases totalling Rs 4,596.57 crore in the Indian equity market. Foreign Portfolio Investors divested shares amounting to Rs 25,976.20 crore in October, specifically through 7 October 2026. This follows net selling of Rs 45,536.89 crore in September 2026, while FPIs were net buyers of Rs 17,366 crore in August 2026.
Global Markets:
Asian indices exhibited a mixed performance on Thursday, reflecting the prior session’s downturn on Wall Street, as persistently high US Treasury yields exerted pressure on risk appetite. Investors evaluated the minutes from the Federal Reserve’s September meeting, revealing unanimous support among all 19 policymakers for the recent rate increase. Furthermore, a majority of participants deemed another rate hike to be likely appropriate by year-end. The minutes also underscored the divergent perspectives among officials regarding the inflation outlook and the suitable tempo for additional tightening. US stocks concluded the trading session on Wednesday with a decline, as yields on longer-dated Treasury securities continued to stay at elevated levels. The Dow Jones Industrial Average declined by 0.66%, whereas the S&P 500 experienced a decrease of 0.22%.
The Nasdaq Composite experienced a decline of 0.22%. Crude oil prices experienced an uptick due to heightened geopolitical tensions, following reports indicating that the Trump administration was contemplating military strike options against Iran in the lead-up to the US midterm elections. Brent crude futures experienced an increase of 1.16%, reaching a price of $101.36 per barrel. Investors are poised to shift their focus to the impending third-quarter earnings season. Corporate results, Treasury yields, oil prices, and expectations for further Fed rate hikes are poised to continue as significant influences on global equity markets.
Domestic Market:
The key equity indices concluded the day with notable declines on Wednesday, reflecting the influence of unfavourable global signals. Investor sentiment remained cautious following the Reserve Bank of India (RBI)’s decision to increase the policy repo rate by 25 basis points to 5.50% and its adjustment of the monetary policy stance to calibrated tightening. The rate hike was largely anticipated by market participants. Broader market indices continued to face downward pressure.
The Nifty concluded the trading session beneath the 22,650 threshold, with banking equities offering a degree of support. Meanwhile, there was a decline in the performance of metal and auto stocks. The S&P BSE Sensex experienced a decrease of 429.11 points, reflecting a decline of 0.59%, closing at 72,638.70. The Nifty 50 index experienced a decline of 173.05 points, representing a decrease of 0.76%, closing at 22,603.05. In the previous two trading sessions, the Sensex and Nifty experienced increases of 1.61% and 1.58%, respectively.
