SGX Nifty November 2026 futures declined by 52.50 points, indicating a subdued start for the Nifty 50.
Institutional Flows:
Foreign portfolio investors divested shares amounting to Rs 943.60 crore, whereas domestic institutional investors recorded net purchases totalling Rs 1,924.41 crore in the Indian equity market on 29 October 2026, as per provisional data. Foreign Portfolio Investors divested shares amounting to Rs 47,269.54 crore in October, up to the 29th of the month in 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 declined by 155 points, indicating a sluggish start for US equities. Asian equities faced downward pressure on Friday, as apprehensions regarding the returns on artificial intelligence investments prompted renewed selling in technology stocks. Investors exhibited caution in anticipation of the Bank of Japan’s forthcoming monetary policy decision. US stocks concluded the trading session on Thursday with a decline, influenced by underwhelming earnings from the technology sector and apprehensions regarding the returns on investments in artificial intelligence, which dampened investor sentiment. The Dow Jones Industrial Average experienced a decrease of 132.54 points, representing a decline of 0.25%, settling at 52,342.56. The S&P 500 declined by 23.59 points, representing a decrease of 0.30%, settling at 7,720.39. Meanwhile, the Nasdaq Composite experienced a drop of 365.13 points, equivalent to a 1.38% fall, closing at 26,184.72.
Alphabet shares experienced a significant drop of 12.64% on Thursday, representing the largest daily decline in the company’s history, following a third-quarter revenue report that fell short of market expectations. Revenue increased 25% year on year to $127.58 billion, compared to the analyst estimate of $127.97 billion. Earnings per share stood at 2.12, below expectations of approximately 2.94. Google Cloud revenue surged 103% to $30.7 billion; however, concerns regarding substantial AI-related capital expenditures and the anticipated returns from these investments cast a shadow over the growth. ServiceNow and Fortinet experienced significant selling pressure in the wake of their financial updates. Both stocks experienced a decline exceeding 20%, further intensifying the pressure on the technology sector. Following the closure of the US market, Intel shares experienced a decline exceeding 17% in after-hours trading subsequent to the company’s release of a less-than-anticipated outlook. Intel reported third-quarter revenue of $16.5 billion, reflecting a 21% increase year on year, alongside non-GAAP earnings per share of $0.52. It projected fourth-quarter revenue between $15 billion and $16 billion, alongside non-GAAP earnings per share of $0.25.
Amazon shares experienced a decline of over 5% in after-hours trading, even in the face of robust growth in its cloud segment. In the third quarter, net sales experienced a 12% increase, reaching $201.94 billion, while revenue from AWS surged by 39%, totalling $46 billion. Operating income rose to $28.08 billion, up from $17.42 billion in the previous year. However, trailing 12-month free cash flow has declined to negative $42.36 billion, in contrast to the positive free cash flow of $14.79 billion recorded a year prior. Amazon upheld its projection for capital expenditures in 2026 at around $220 billion. Its fourth-quarter revenue guidance of $240 billion to $247 billion has also fallen short of investor expectations. The US economy expanded at an annualised rate of 3.4% in the third quarter of 2026, according to the advance estimate released by the Bureau of Economic Analysis on Thursday. This compares with a growth rate of 2.2% in the second quarter and surpasses the market forecast of approximately 3%.
Consumer spending increased at an annualised rate of 3.8%, with business investment also playing a role in the growth. Investment in information-processing equipment saw a significant uptick, indicative of sustained expenditure on AI-related infrastructure. The GDP figure is preliminary and subject to revision. Meanwhile, the Personal Consumption Expenditures price index, which serves as the Federal Reserve’s preferred measure of inflation, rose by 0.5% month on month in September, in contrast to a 0.3% increase in August. Annual inflation increased to 3.6%, up from the previous rate of 3.4%. Core PCE inflation, excluding food and energy, increased by 0.3% on a month-over-month basis and 3.1% on a year-over-year basis, up from 3.0% in August. The monthly increases aligned with market expectations. Personal consumption expenditure rose by 0.5% in September, whereas real consumer spending remained stable. The data indicated that inflationary pressures remained elevated despite resilient economic growth.
Domestic Market:
The key equity indices concluded the trading session with notable gains on Thursday, effectively breaking a two-session decline. Purchases spanning various sectors, primarily driven by IT and banking equities, bolstered market sentiment following the US Federal Reserve’s decision to maintain interest rates at their current levels. Purchases by foreign portfolio investors on Wednesday further enhanced investor confidence. The Nifty concluded the trading session above 22,900, with both the Nifty MidCap and SmallCap indices experiencing an increase of approximately 0.6% each.
All NSE sectoral indices concluded on an upward trajectory, with the exception of the Nifty Auto and Nifty Cement indices. The S&P BSE Sensex experienced an increase of 905.01 points, reflecting a rise of 1.24%, reaching a level of 74,151.04. The Nifty 50 index experienced an increase of 237.90 points, reflecting a rise of 1.05%, reaching a level of 22,936.75. In the last two consecutive trading sessions, the Sensex and the Nifty experienced declines of 0.49% and 0.24%, respectively.
