November Market Review: Nifty 50 records 2nd month of decline, FPI outflows moderate; IT stocks outperform
The Nifty 50 fluctuated widely in November, driven by concerns over stretched valuations, weak performance by Indian Inc in Q2 and persistent selloffs by foreign investors, causing the index to oscillate consistently between gains and losses.
The uncertainty was further exacerbated by global economic headwinds, including rising tensions between Russia and Ukraine, ongoing conflicts in the Middle East, the U.S. presidential elections, and India’s Assembly elections, leaving investors struggling to find direction.
Amid this uncertainty, the index ended the month with a mild drop of 0.31%, as strong support from domestic institutional investors and a slowdown in FPI selling helped contain the sharp decline.
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