Nifty 50 recovers from October blow in just 10 sessions; up 3.59% in November so far
Nifty 50 surged by 3.59% in November, marking its most impressive monthly performance since April 2023. The rally was fueled by positive global and domestic cues, including the drop in the US inflation rate to 3.2% in October.
Following the significant downturn in October, when the Nifty 50 experienced its most substantial monthly decline of 2.84% in CY23, the index displayed remarkable resilience, staging a robust comeback in November. Impressively, within the last ten trading sessions, the index recovered from all losses incurred in the previous month.
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