SGX Nifty November 2026 futures increased by 41 points, indicating a favourable start for the Nifty 50.
Institutional Flows:
Foreign portfolio investors acquired shares valued at Rs 887.65 crore, whereas domestic institutional investors recorded net purchases amounting to Rs 3,235.36 crore in the Indian equity market on 23 October 2026, as per provisional data. Foreign Portfolio Investors divested shares amounting to Rs 53,337.67 crore in October, as of 23 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:
Dow futures increased by 120 points, indicating a positive start for US equities. Asian indices experienced a decline on Monday as investors assessed the implications of high oil prices, geopolitical uncertainties, and a week filled with significant central bank meetings and corporate earnings reports. Brent crude retreated to below $115 a barrel after reaching a six-month peak, providing a measure of relief following the previous week’s increase. The retreat followed reports of diplomatic efforts involving Qatar, Iran, and the United States aimed at alleviating regional tensions. The regional session followed a lower close on Wall Street on Friday, 23 October, as rising energy costs and concerns over artificial intelligence investment weighed on sentiment.
Investors are bracing for the upcoming quarterly results from prominent US technology firms, such as Alphabet, Microsoft, and Amazon, which may provide new perspectives on expenditures and returns associated with AI. The Dow Jones Industrial Average experienced a decline of 652.82 points, representing a decrease of 1.23%, closing at 52,215.16 on Friday. The S&P 500 declined 39.75 points, or 0.52%, to 7,623.68, while the Nasdaq Composite shed 53.52 points, or 0.21%, to 25,955.34. Telecommunications stocks faced downward pressure following reports indicating that SpaceX was considering the establishment of a fourth wireless carrier in the United States. AT&T and T-Mobile experienced a decline of nearly 8% each, driven by apprehensions regarding heightened competition.
Among individual stocks, Schlumberger experienced an increase of approximately 7% in the wake of its quarterly results. American Express experienced a decline of approximately 3.7%, even in light of its announcement of increased quarterly profits and an upward revision of its full-year earnings forecast. The company has also disclosed intentions to reduce its workforce by 5%, coinciding with revenue figures that fell short of market expectations. On the economic front, the University of Michigan’s final consumer sentiment index for October registered at 48.0, a slight decrease from 48.1 in September. Despite the reading surpassing market expectations, sentiment continued to hover around historically low levels. One-year inflation expectations increased to 4.7% from 4.6%, while five-year expectations rose to 3.5% from 3.4%. Ongoing inflationary pressures may pose challenges to the Federal Reserve’s policy trajectory.
Domestic Market:
The primary equity benchmarks continued their downward trajectory, marking a fourth consecutive session of losses on Friday. Increasing crude oil prices, heightened geopolitical tensions, and ongoing foreign fund outflows have negatively impacted investor sentiment. The Nifty maintained its position above the 22,600 threshold. All sectoral indices concluded the trading session in the negative territory, with the most significant declines observed in consumer durables, metals, realty, energy, and public sector banks.
Broader indices also experienced notable declines, indicative of pervasive selling pressure. The S&P BSE Sensex experienced a decrease of 125.56 points, reflecting a decline of 0.17%, closing at 72,123.83. The Nifty 50 index experienced a decline of 87.65 points, reflecting a decrease of 0.39%, settling at 22,600. In the fourth consecutive trading session, the Sensex and Nifty experienced declines of 3.49% and 2.36%, respectively.
