Foreign investors withdrew significant funds from Indian equities in October amid concerns over inflation and crude oil prices. Despite this, there were signs of moderation in selling with two days of net buying. The overall FPI outflows from equities in 2026 have reached notable levels compared to previous years. Market participants are closely monitoring upcoming macroeconomic developments including US GDP data.
LKP Securities’ Vatsal Bhuva sees continued downside risks for Nifty and Bank Nifty, while identifying potential rebounds in Swiggy and HDFC Bank. He also recommends Oriental Hotels and Apollo Hospitals, citing improving technical indicators and favourable chart setups.
As many as 24 companies will turn ex-record date for dividends, stock splits and rights issues during the week starting October 26. Key names include Shriram Finance, CRISIL, Cyient, Chennai Petroleum and L&T Technology Services.
Jio Platforms will list on October 28, with a grey market premium of Rs 247 indicating a potential 22.07% listing gain. The Rs 30,213-crore IPO was subscribed over 22 times, led by strong institutional demand.
IDFC First Bank’s Q2 net profit tripled to Rs 1,045 crore, supported by strong loan and fee growth. Net interest income rose 21%, while net interest margin declined to 5.6%.
In a bustling week for the IPO market, five mainboard offerings are set to debut between October 26 and 30, aiming to amass an impressive Rs 2,581 crore. EAAA India Alternatives spearheads the launches, while Jio Platforms makes its entrance on October 28. Other notable entries include SFC Environmental Technologies and BLS Polymers on October 27, with MK Sons Fine Jewels and Bombay Coated and Special Steels following closely.
Sebi is reviewing short-selling and securities lending rules to improve liquidity and price discovery. The regulator is also planning reforms in clearing, broker compliance, custodial services and corporate bond market-making to deepen capital markets and reduce compliance costs.
Indian stock markets faced a setback as crude oil prices soared, triggered by increasing geopolitical tensions in the Middle East. Despite some defensive buying from domestic institutions, foreign investors pulled back. The forthcoming US Federal Reserve meeting is poised to impact global market moods. Investors will be keenly watching industrial production metrics and second-quarter earnings for insights on corporate health, as macroeconomic stability remains crucial for market trends.
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