The rupee fell 12 paise to 94.50 against the US dollar in early trade on Thursday, weighed down by weak domestic equities and surging crude prices, though a softer dollar and lower US Treasury yields limited the losses. The currency had surged 53 paise to close at 94.38 the previous day. Anuj Choudhary of Mirae Asset Sharekhan expects a slight positive bias from IPO-related foreign inflows and reports that Russia is ready for new peace talks, while Anindya Banerjee of Kotak NEO sees the rupee finely balanced within 94-97 and says that balance would be tested if portfolio selling accelerates or crude moves toward $120. Sensex fell 642.51 points to 73,067.18 and Nifty declined 241.35 points to 22,570.90, while FIIs bought a net 1,022.32 crore rupees of equities on Wednesday.
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- Rupee falls 12 paise to 94 . 50 against US dollar in early trade
The rupee slid 12 paise to 94.50 against the US dollar in early trade on Thursday, pressured by weak domestic markets and higher crude prices, after rising 53 paise to close at 94.38 on Wednesday. Mirae Asset Sharekhan's Anuj Choudhary expects a slight positive bias from IPO-related foreign inflows and a weaker dollar, while Kotak NEO's Anindya Banerjee sees the rupee staying within 94–97. Brent crude rose 1.58 per cent to USD 110.54 a barrel, the Sensex fell 642.51 points to 73,067.18 and the Nifty dropped 241.35 points to 22,570.90. FIIs bought a net Rs 1,022.32 crore of equities on Wednesday.
- Foreign outflows , rising yields weigh on Indian markets ; earnings to drive recovery : HSBC
HSBC Mutual Fund said Indian equities saw a broad-based correction in September amid higher crude prices, Middle East tensions and tighter monetary policy in major economies. The Nifty 50 fell 6%, the Nifty Midcap 150 dropped 7.1% and the Nifty Smallcap 250 fell 3.1%. Foreign institutional investors pulled USD 4.1 billion in September, taking their 2026 net selling to USD 28.3 billion, while domestic institutions bought USD 8.1 billion. The fund expects corporate earnings to drive returns but flags higher global bond yields and commodity prices as risks, and sees the RBI's repo rate, raised to 5.50% on October 7, possibly reaching 6% if inflation worsens. The Nifty 50 trades at 17 times one-year forward earnings, about 13% below its five-year average valuation.
- Foreign outflows , rising yields weigh on Indian markets ; earnings to drive recovery : HSBC
- Bajaj Broking Weekly FII and DII Commentary for 10th October 2026
The Nifty snapped an eight-week decline to close marginally higher, but still formed a fresh 52-week low, as the RBI raised rates by 25 basis points and shifted to “calibrated tightening”. Brent crude above $100, higher US bond yields and a weaker rupee kept sentiment under pressure, with FIIs net sellers for an eighth straight week (Rs. 302.94bn) while DIIs bought Rs. 303.13bn to absorb the selling. The index closed the week at 22,520.45, up 0.4%, though it is down 0.44% month-to-date. The analysis expects volatility to persist amid FII selling and global headwinds, with strong domestic buying limiting downside. Investors will watch US and Indian inflation data, US bond yields, Brent prices and US-Iran tensions next week.
- Indian Economy : Navigating Between Growth Optimism and Persistent Challenges
The article argues that India's economy is caught between strong macro indicators and mounting pressures. GDP grew 7.8% in Q1 FY27, GST collections rose 14.7% year on year in September 2026 to Rs 2.04 lakh crore, and UPI transactions reached 2,407 crore. However, the monsoon is 12.6% below its long-period average, CPI inflation rose to 5.54% in September from 4.82% in August, and India's crude purchase cost reportedly touched $110 per barrel. The Sensex has fallen about 11.89% over 12 months, FIIs sold over Rs 3.04 lakh crore in equities through October 2026, and per capita income is around $2,800. The author questions whether the boom is reaching ordinary households.
- FPIs Are Selling but Indian Equities Not Under Foreign-Investor Stress
FPIs net sold about Rs 8,990 crore of Indian equities last week, though Friday’s buying of Rs 1,166 crore snapped a 15-session selling streak that began on September 24. October’s outflow has reached about Rs 52,100 crore, above September’s Rs 35,861 crore, and calendar-2026 outflows now exceed Rs 3 lakh crore, according to Dheeraj Gaur of Choice Wealth. Yet the Nifty rose 2.8% to 23,146 and the Sensex 3.1% over the week, with Nifty IT jumping 11.7%, as domestic institutions bought heavily to absorb foreign selling. Analysts cited elevated crude prices, rising inflation and mixed global cues as key concerns, while the IMF’s upgrade of India’s FY27 and FY28 GDP forecasts supported confidence.
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