SGX Nifty November 2026 futures increased by 15.50 points, indicating a slightly optimistic start for the Nifty 50.
Institutional Flows:
Foreign portfolio investors acquired shares valued at Rs 3,598.54 crore, whereas domestic institutional investors recorded net sales amounting to Rs 817.51 crore in the Indian equity market on 30 October 2026, as per provisional data. Foreign Portfolio Investors divested shares amounting to Rs 48,082.27 crore in October, as of 30 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 200 points, indicating a robust opening for US equities. Asian equities exhibited a mixed performance on Monday, as apprehensions regarding the durability of the artificial intelligence investment surge exerted pressure on technology stocks. The pressure ensued after a pronounced selloff in US technology shares on Friday. Wall Street concluded the trading session on Friday, 30 October 2026, with a notable decline. The Dow Jones Industrial Average experienced a decline of 572.25 points, representing a decrease of 1.09%, closing at 51,770.31. The S&P 500 experienced a decline of 140.32 points, representing a decrease of 1.82%, settling at 7,580.07. Meanwhile, the Nasdaq Composite fell by 747.72 points, which corresponds to a 2.86% drop, closing at 25,437. The Nasdaq recorded its steepest one-day decline since June 5, 2026. The selloff was predominantly driven by technology and semiconductor stocks, as the market responded to apprehensions regarding AI-related expenditures and corporate cash flow generation.
Intel was one of the largest detractors, as its shares fell by 28.6% on Friday following the chipmaker’s announcement of a fourth-quarter outlook that was weaker than anticipated. The company has projected revenue in the range of $15 billion to $16 billion, which falls short of analyst expectations set at $17.08 billion. Its adjusted third-quarter earnings of $0.52 per share and revenue of $16.5 billion surpassed expectations. Nonetheless, the perspective and apprehensions regarding manufacturing limitations, personal computer demand, and cash flow eclipsed the outcomes. The semiconductor selloff has broadened its impact, affecting other significant companies in the sector. Nvidia shares experienced a decline of 4.2%, while AMD saw a more significant drop of 10.9%. The semiconductor index also faced a downturn, losing 7.2%. Sandisk experienced a decline of 13%, and Reddit similarly encountered significant selling pressure. Amazon’s shares experienced a decline of 1.4% during Friday’s trading session, following the release of its quarterly results, which intensified apprehensions regarding the magnitude of investment in AI infrastructure.
Amazon reported third-quarter net sales of $201.9 billion, reflecting a 12% increase year on year, while AWS revenue surged by 39.3% to reach $46 billion. Operating income increased to $28.1 billion, up from $17.4 billion in the previous year. However, trailing 12-month free cash flow has declined to negative $42.4 billion, in contrast to an inflow of $14.8 billion recorded a year prior. The company attributed the decline primarily to increased expenditures on property and equipment, predominantly associated with investments in AI. Amazon has projected its fourth-quarter revenue to fall within the range of $240 billion to $247 billion. Energy stocks diverged from the overall market trajectory. Exxon Mobil and Chevron experienced an increase following the announcement of third-quarter profits that surpassed market expectations, bolstered by elevated refining margins in the context of global fuel supply disruptions. Both companies experienced an uptick in downstream earnings due to disruptions related to conflict that limited fuel production.
On the economic front, the US Employment Cost Index rose by 0.8% in the third quarter of 2026, aligning with market expectations while showing a slight decrease from the 0.9% recorded in the preceding quarter. Civilian worker compensation costs experienced an increase of 0.8% over the three-month period concluding in September. Within this timeframe, wages and salaries saw a rise of 0.7%, while benefit costs escalated by 0.9%. The data indicated a moderation in labour-cost growth. The Chicago PMI decreased to 55.3 in October, down from 58.8 in September, falling short of the market expectation of 56.1. Brent crude futures experienced a decline of 1.5%, settling at $111.72 per barrel. The pullback occurred subsequent to discussions between Iranian and Qatari officials, which were focused on resolving the US-Israeli conflict concerning Iran. However, ongoing assaults on tankers in the Strait of Hormuz persist as a supply-side risk.
Domestic Market:
The domestic equity benchmarks extended their gains on Friday, with the Nifty reclaiming the 23,000 mark. Purchases in the IT, pharmaceutical, and select large-cap stocks bolstered the frontline indices, aiding their recovery from a subdued opening in the face of lacklustre global signals. However, gains remained moderate as elevated crude oil prices and escalating geopolitical tensions in the Middle East maintained a cautious stance among investors. Brent crude trading above $117 per barrel has intensified worries regarding inflationary pressures and India’s import bill, thereby constraining the potential for a sustained recovery. The broader indices exhibited underperformance, as the Nifty Midcap and Smallcap indices concluded the trading session in negative territory. The S&P BSE Sensex increased by 308.49 points, reflecting a rise of 0.42%, reaching a level of 74,459.93. The Nifty 50 index experienced an increase of 116.35 points, reflecting a rise of 0.51%, reaching a level of 23,053.10.
