Australia’s National Securities Depository data show that foreign portfolio investors (FPIs) resumed buying Indian equities in October, reversing a three-month selling streak by pumping about ₹14,610 crore into the market. The shift reflects renewed global confidence in India’s growth story, upbeat trade winds and stabilising currency flows. Analysts believe the pickup in FPI activity could support valuations and liquidity in mid-caps, but caution remains on global rate-risks and slowing earnings revisions. Market breadth, not just headline flows, will determine sustainability.