SGX Nifty November 2026 futures declined by 81 points, indicating a subdued start for the Nifty 50.
Institutional Flows:
Foreign portfolio investors acquired shares valued at Rs 871.83 crore, whereas domestic institutional investors recorded net purchases amounting to Rs 643.35 crore in the Indian equity market on 28 October 2026, as per provisional data. Foreign Portfolio Investors divested shares amounting to Rs 48,382.54 crore in October, as of 28 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 169 points, indicating a robust opening for US equities. Asian indices exhibited a mixed performance on Thursday, as the advancements in artificial intelligence-related stocks mitigated apprehensions stemming from Alphabet’s earnings, which fell short of expectations. Investors evaluated the most recent technology earnings in conjunction with the Federal Reserve’s choice to maintain interest rates at their current levels. Semiconductor stocks found support from the performance of US chipmakers, while apprehensions regarding the expenses associated with AI infrastructure and the potential returns on investment continued to be a focal point. Alphabet’s post-market earnings miss has introduced additional uncertainty as we await further results from significant technology companies.
US stocks concluded the trading session on a positive note on Wednesday, following the Federal Reserve’s decision to maintain its benchmark interest rate at the current level. The Dow Jones Industrial Average increased by 97.53 points, representing a 0.19% rise, reaching a level of 52,475.10. The S&P 500 increased by 21.37 points, reflecting a rise of 0.28%, reaching a level of 7,743.97. Meanwhile, the Nasdaq Composite saw an advancement of 72.04 points, corresponding to a 0.27% gain, culminating at 26,549.85. The Fed upheld its target range at 3.75%-4.00% following a 10-2 vote. It revised its evaluation of economic activity upward but indicated that inflation continued to be high. Governors Lisa Cook and Beth Hammack expressed dissent, advocating for a 25-basis-point rate increase. Markets subsequently increased the implied probability of a December rate hike to 85%, up from 78.3% the previous day, as indicated by CME FedWatch data.
Microsoft shares experienced an increase of over 4% in after-hours trading following the announcement of cloud revenue that surpassed expectations. Azure growth accelerated to 48% in its fiscal first quarter, surpassing its previous guidance and bolstering optimism regarding demand for cloud computing and AI services. Investors will persist in evaluating Microsoft’s capital expenditure and data-center investment strategies. Alphabet shares experienced a decline exceeding 7% in after-hours trading following the release of its third-quarter results, which did not meet analysts’ expectations. Revenue increased by 25% year on year, reaching $127.58 billion, which fell short of the anticipated $127.97 billion. Net income decreased to $26.17 billion from $34.98 billion in the previous year, with earnings per share reported at $2.12, falling short of the estimated $3.01. An $8.7 billion loss on equity investments significantly impacted reported earnings.
Google Cloud continued to demonstrate robust performance, with revenue increasing by 103% to $30.7 billion, propelled by heightened demand for AI infrastructure and enterprise services. However, investors continued to express apprehension regarding the magnitude of capital expenditure and the anticipated returns from AI investment. Investors are anticipating the release of the US third-quarter GDP, along with September’s personal income and spending data, as well as the Personal Consumption Expenditures price index, all scheduled for Thursday. The PCE index serves as the Federal Reserve’s favoured measure of inflation. Initial jobless claims are also set to be released.
Domestic Market:
The key equity benchmarks concluded the trading day with a slight decline on Wednesday, marking a continuation of their downward trend for a second consecutive session. Elevated crude oil prices and weakness in heavyweight stocks have exerted downward pressure on market sentiment. Investors exhibited a degree of caution in anticipation of the US Federal Reserve’s monetary policy decision scheduled for later in the day, as they sought clarity regarding the interest rate outlook and its potential ramifications for global markets.
The Nifty concluded its trading session beneath the 22,700 threshold. Oil and gas, along with IT stocks, experienced a decline, whereas shares in the auto and consumer durables sectors saw an increase. The S&P BSE Sensex experienced a decrease of 352.64 points, reflecting a decline of 0.48%, closing at 73,246.03. The Nifty 50 index experienced a decline of 50.90 points, representing a decrease of 0.22%, closing at 22,698.85. In the two consecutive trading sessions, the Sensex and the Nifty experienced declines of 0.49% and 0.24%, respectively.
