New Delhi: India’s equity markets experienced a powerful resurgence in October, driven by strong festive consumption, stabilising Q2 earnings, and a clear revival in foreign investor appetite, a report said on Wednesday.

The nation’s macroeconomic backdrop remained notably supportive through the month. Additionally, consumer inflation eased to 1.54 per cent, marking its lowest level since 2017, while the Reserve Bank of India retained the repo rate at 5.5 per cent and revised the FY26 GDP growth forecast to 6.8 per cent, PL Asset Management said in its report.

The rupee held steady at Rs 88.76 to the US dollar despite a firmer dollar index, underscoring currency stability in a period of global volatility.

At the same time, industrial activity showed further strength, with the manufactu

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