Key Events for the Month of October 2022:

• Nifty (5.4%) moved up smartly as FIIs turned buyers again.

• India's CPI inflation accelerated to a 5m high of 7.30% in September due to surging food prices, staying well above the RBI's upper tolerance band for ninth month. India's WPI inflation fell to an 18-month low in September to 10.7%.

• The gross GST revenue collected in the month of October 2022 was at ₹1,51,718 crore, the second highest monthly collection ever, next only to collection in April 2022.

• FIIs were net buyers in the month of October 2022 to the tune of $690mn and DIIs bought to the tune of $1.1bn.