The Indian market rebounded in October 2025 after two months of correction, with the Nifty 50 rising over 1,100 points or 4.5 per cent. Mid-cap and small-cap indices gained 5.8 per cent and 3.7 per cent, respectively.

Axis Securities said the upbeat was supported by stronger corporate results, optimism on tariff discussions between India and the US, and stable domestic liquidity.

The brokerage expects GDP growth of 6.8 per cent in FY26, higher than 6.5 per cent earlier, aided by the Reserve Bank of India’s rate cuts and fiscal spending. Earnings growth is projected to improve in the second half of FY26 as consumption and rate-sensitive sectors gain traction.

Valuations have normalised to fair levels, with the Nifty trading at 20.9 times one-year forward earnings. Axis maintained its Mar

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