Indian stock benchmarks set for best month since March on robust earnings outlook

India’s key equity indices, the Nifty 50 and BSE Sensex, are on track for their strongest monthly gain since March, despite a flat opening on 31 October. Buoyed by upbeat earnings reports and renewed foreign inflows of around US$1.94 billion in October, the rally is supported by mid- and small-cap strength. However, global headwinds—including caution from the Federal Reserve and U.S.–China trade tensions—remain a drag. Investors are monitoring consolidation near all-time highs with caution and selective positioning.