Indian stocks seen opening higher as FPIs turn buyers
GIFT Nifty:
GIFT Nifty October 2026 futures were up 68.50 points, signalling a positive opening for the Nifty 50.
Institutional Flows:
Foreign portfolio investors (FPIs) bought shares worth Rs 1,165.92 crore, while domestic institutional investors (DIIs) were net sellers of Rs 3,661.28 crore in the Indian equity market 16 October 2026, according to provisional data.
FPIs sold shares worth Rs 54636.85 crore in October through 16 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 Jones futures were up 219 points, indicating a strong opening in the US stocks.
Most Asian equity indices traded lower on Monday, as technology stocks came under pressure amid concerns over the high cost of artificial intelligence (AI) infrastructure investments and rising financing costs. Hong Kong markets remained closed for a holiday.
US equities ended sharply lower on Friday, 16 October 2026, as technology and semiconductor stocks extended their sell-off. The Dow Jones Industrial Average declined 0.34% to 52,002.41, while the S&P 500 fell 1.09% to 7,659.44. The Nasdaq Composite dropped 2.14% to 26,140.03.
Concerns over the sustainability of heavy AI-related investments and stronger-than-expected US inflation data weighed on technology shares and revived expectations of further Federal Reserve rate increases.
Crude oil prices eased after US President Donald Trump issued an executive order on 16 October waiving certain sanctions, restrictions and duties under the newly enacted Lindsey O. Graham Sanctioning Russia and Iran Act of 2026. The move followed an agreement concerning Russian diesel exports. The order does not remove all existing US sanctions against Russia; several measures imposed under earlier executive orders remain in place.
Brent crude futures fell around 1.6% to $108.06 a barrel. The easing of restrictions on certain Russian energy exports raised expectations of additional fuel supplies, putting downward pressure on oil prices. However, geopolitical risks, including tensions around the Strait of Hormuz, continued to cloud the global energy outlook.
Domestic Market:
The key equity benchmarks closed higher on Friday, extending their rally for a second consecutive session, supported by buying in heavyweight stocks. Investor focus remained on September-quarter earnings, while the rupee strengthened against the US dollar for the sixth straight session. However, broader indices lagged, with midcap and smallcap indices ending marginally lower. Brent crude remained elevated near $105 a barrel. The Nifty settled above the 23,150 mark, with IT and metal stocks advancing, while consumer durables and oil & gas shares declined.
The S&P BSE Sensex jumped 413.66 points or 0.56% to 74,729.27. The Nifty 50 index added 148.80 points or 0.65% to 23,146.15. Over the two consecutive trading sessions, the Sensex and Nifty rallied 2.68% and 2.31%, respectively.
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