SGX Nifty November 2026 futures declined by 87.50 points, indicating a bearish start for the Nifty 50.
Institutional Flows:
On 4 November 2026, foreign portfolio investors acquired shares valued at Rs 7,284.03 crore, whereas domestic institutional investors recorded net sales amounting to Rs 3,712.23 crore in the Indian equity market, as per provisional data. Foreign Portfolio Investors acquired shares valued at Rs 14,488.73 crore in November up to 4 November 2026. This follows net selling of Rs 48,082.27 crore in October 2026, while FPIs were net sellers of Rs 45,536.89 crore in September 2026.
Global Markets:
Dow futures increased by 133 points, indicating an optimistic start for US equities. Asian equities exhibited a predominantly upward trend on Thursday, buoyed by a significant rally on Wall Street subsequent to the Democrats gaining control of both chambers of the US Congress in the midterm elections. South Korean technology stocks continued to face challenges due to apprehensions regarding the future of AI infrastructure investment. South Korea’s current account surplus expanded significantly to an unprecedented $61.46 billion in September 2026, up from $46.11 billion in August. On Wednesday, 4 November 2026, there was a notable rally on Wall Street following the Democrats’ acquisition of control over both the Senate and the House of Representatives. The Dow Jones Industrial Average surged 1,569.40 points, reflecting a 3.03% increase, reaching a level of 53,356.12.
The S&P 500 advanced 1.58% to 7,688.62, while the Nasdaq Composite gained 1.44% to 25,736.51. The Dow recorded its strongest daily gain since April 2025. Declining crude oil prices, coupled with anticipations of diminished policy uncertainty, further bolstered investor sentiment. Technology stocks exhibited a varied performance. Microsoft experienced an increase of 6.68%, Amazon saw an advancement of 6.12%, and Apple recorded a rise of 5.31%. However, Nvidia experienced a decline of 3.17%, while Micron saw a decrease of 7%. Data-centre operators faced increased scrutiny as worries emerged that Democratic control of Congress might result in more stringent oversight of AI infrastructure development. CoreWeave experienced a decline of 9.9%, Tesla saw a decrease of 3.34%, and Trump Media faced a significant drop of 24.54%.
AMD shares experienced an increase of approximately 1% following the announcement of third-quarter revenue totalling $13.38 billion, reflecting a year-on-year growth of 45%. The company also projected fourth-quarter revenue to be around $17 billion, with a margin of plus or minus 3%. The company also reported data-centre revenue growth of 97% to $8.55 billion. Qualcomm experienced a decline of 4.8% in after-hours trading following the release of its earnings report and subsequent outlook. McDonald’s experienced a 6.5% increase following the announcement of higher quarterly profit and revenue, whereas Uber saw a 4.9% rise after surpassing expectations in both revenue and adjusted earnings. Economic data indicated that US private-sector employment rose by 86,000 jobs in October, as reported by ADP, subsequent to an increase of 90,000 in September. The Institute for Supply Management’s services PMI declined to 54.5 in October, down from 54.9 in September, falling short of the market forecast of 54.8.
The services sector maintained its expansion; however, the observed moderation in activity and new orders suggested a deceleration in the growth rate. The US 10-year Treasury yield eased to around 4.88% as investors evaluated the election outcome and its implications for fiscal policy and interest rates. Markets maintained their assessment of the likelihood of additional rate hikes from the Federal Reserve, with the estimated probability of a minimum 25-basis-point increase in December standing at 81.2%. Crude oil prices continued to face downward pressure following the significant drop observed on Wednesday. Brent crude experienced a decline of 8.7%, settling at $94.62 per barrel, marking its lowest point in two months. The selloff followed expectations that the change in congressional control could constrain US policy on the Iran conflict and improve prospects for a diplomatic resolution.
Domestic Market:
The key equity benchmarks concluded the trading session on Wednesday with gains, marking the continuation of their upward trajectory for five consecutive days. Easing crude oil prices, renewed foreign portfolio investor (FPI) buying, and a broader recovery in equities bolstered sentiment. The Nifty concluded the trading session above the 23,950 threshold. Realty and metal stocks experienced an uptick, whereas information technology shares continued to face downward pressure. Foreign investors were net buyers of Indian equities in November, providing further support to the market. Brent crude prices have declined to below $102 a barrel, providing a measure of relief to oil-importing economies, including India.
Investors evaluated the implications of the US midterm elections, where Democrats achieved control of both chambers of Congress. The outcome has sparked apprehensions regarding possible alterations in US trade policy and increased regulation within the technology sector. The S&P BSE Sensex increased by 383.55 points, reflecting a 0.50% gain, reaching a level of 77,301.40. The Nifty 50 index experienced an increase of 149.75 points, reflecting a rise of 0.63%, reaching a level of 23,960.60. In the fifth consecutive session, the Sensex and Nifty experienced increases of 5.54% and 5.56%, respectively.
