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The Indian rupee held steady near its record low, bolstered by likely RBI intervention amidst persistent dollar demand from importers. While upcoming IPOs might offer some relief through foreign inflows, analysts caution about potential further rupee depreciation if economic growth slows due to enduring tariffs.
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A halt in foreign outflows could spark a rebound in Indian equities, Motilal Oswal said in its October 6 report. The brokerage expects improving corporate earnings, robust domestic inflows, and pro-growth government policies to attract overseas investors back. After a year of underperformance, India’s more attractive valuations may further drive a reversal in foreign investment trends.
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Nine BSE Midcap stocks, including Hindustan Petroleum, Muthoot Finance, and L&T Finance, hit 52-week highs on Monday, reflecting strong upward momentum and one-month gains of 7–19%.
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FIIs have increased their stakes in eight debt-free smallcap stocks that rallied up to 70% in FY26, reflecting renewed investor confidence in financially strong, zero-debt companies with solid growth potential.
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KIOCL shares soared 19% to a 52-week high of Rs 629.30 amid heavy volumes, prompting exchanges to seek clarification. The PSU stock has jumped nearly 48% in three sessions, delivering over 230% returns in three years despite weak Q1 results and volatility concerns.
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