A November to Remember For Indian Markets

Nifty’s highest ever returns of 5.4% in 2023 Read More>>>

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Market Milestone

Nifty 50 reaches a historic 20,000 level on Nov 29, marking its highest returns in November, boosted by a dovish Fed and returning FIIs

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Global Influence

Positive global cues, dovish Fed comments, and lowered bond yields contribute to the Nifty's 5.4% surge, with Sensex gaining 4.7% in November

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Fed's Stance

The Federal Reserve's dovish stance, maintaining interest rates at 5.25-5.5%, fuels positive sentiment, with Chair Jerome Powell emphasizing the need for more progress

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FIIs Resurgence

Foreign Institutional Investors (FIIs) turn net buyers in November, injecting $640 million into the market after being net sellers in September and October

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Sectoral Winners

Nifty Realty leads with an 18.5% return, followed by Nifty Smallcap (11.8%) and Nifty Auto (10.4%). Real estate companies defy seasonality, recording their second-best quarter

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Banking Challenge

Nifty Bank records a 3.7% gain in November, impacted by the Reserve Bank of India's move to increase risk weightage on consumer loans due to potential credit risks

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