GIFT Nifty:

The GIFT Nifty May 2026 futures currently traded 101 points higher, suggesting a green opening for the benchmark index today.

Institutional Flows:

Foreign portfolio investors (FPIs) chsold shares worth Rs 3,621.58 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 2,602.62 crore in the Indian equity market on 05 May 2026, provisional data showed.

The FIIs have sold shares worth Rs 785.96 crore so far in May (till 05 May 2026). This follows their cash sales of Rs 70,135.46 crore in April, Rs 122,540.41 crore in March and Rs 6,640.78 crore in February.

Global Markets:

Asia markets traded higher on Wednesday, tracking Wall Street gains overnight, after oil prices dropped and strong earnings lifted investor sentiment.

Signaling diplomatic efforts for resolving the Middle East crisis were on track, President Donald Trump said the U.S. bid to guide ships out of Strait of Hormuz had been paused.

'We have mutually agreed that, while the Blockade will remain in full force and effect, Project Freedom will be paused for a short period of time to see whether or not the Agreement can be finalized and signed,' Trump said in his Truth Social post.

The U.S. military on Monday began guiding commercial ships out of the Strait of Hormuz under Project Freedom. U.S. Defense Secretary Pete Hegseth on Tuesday said that 'two U.S. commercial ships, along with American destroyers, have already safely transited the strait, showing the lane is clear.'

Overnight on Wall Street, U.S. stocks ended higher on Tuesday, while oil prices slid as traders reacted to a number of solid earnings results.

The S&P 500 rose 0.81%, hitting a new all-time high and closing at a record of 7,259.22. The Nasdaq Composite gained 1.03%, touching a new high and notching a closing record of 25,326.13. The Dow Jones Industrial Average added 356.35 points, or 0.73%, to end at 49,298.25.

Domestic Market:

The key equity benchmarks closed with measured losses on Tuesday, as a sharp slide in the rupee to a record low against the US dollar rattled sentiment, while the weekly expiry of Nifty derivatives injected fresh volatility into the market.

Escalating US-Iran tensions further bruised investor confidence, wiping out recent optimism sparked by state election results and echoing weakness across global markets. Ongoing quarterly earnings announcements kept traders on edge, prompting a cautious stance.

The Nifty slipped below the 24,050 mark, weighed down by private banks and consumer durables stocks, while FMCG, auto and pharma shares defied the broader weakness and ended in the green.

The S&P BSE Sensex declined 251.61 points or 0.33% to 77,017.79. The Nifty 50 index lost 86.50 points or 0.36% to 24,032.80.

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