4 mins read . 29 Nov 2022
During this week, the Nifty and Sensex scaled new highs. Interestingly, this index rally came at a time when global headwinds are still strong. The US economy is fighting a pitched battle against consumer inflation. UK and Europe are trying hard to stave off full-fledged recession. China wants to avoid a slowdown in growth, amidst rising COVID numbers. Despite these macro risks, Nifty gained 2.78% and Sensex 2.55% in November MTD. That may not be stellar monthly returns, but the resilience amidst global macro headwinds is surely stellar.
Date | Nifty Closing | Sensex Closing |
Nov 25, 2022 | 18,512.75 | 62,293.64 |
Nov 24, 2022 | 18,484.10 | 62,272.68 |
Nov 23, 2022 | 18,267.25 | 61,510.58 |
Nov 22, 2022 | 18,244.20 | 61,418.96 |
Nov 21, 2022 | 18,159.95 | 61,144.84 |
Nov 18, 2022 | 18,307.65 | 61,663.48 |
Nov 17, 2022 | 18,343.90 | 61,750.60 |
Nov 16, 2022 | 18,409.65 | 61,980.72 |
Nov 15, 2022 | 18,403.40 | 61,872.99 |
Nov 14, 2022 | 18,329.15 | 61,624.15 |
Nov 11, 2022 | 18,349.70 | 61,795.04 |
Nov 10, 2022 | 18,028.20 | 60,613.70 |
Nov 09, 2022 | 18,157.00 | 61,033.55 |
Nov 07, 2022 | 18,202.80 | 61,185.15 |
Nov 04, 2022 | 18,117.15 | 60,950.36 |
Nov 03, 2022 | 18,052.70 | 60,836.41 |
Nov 02, 2022 | 18,082.85 | 60,906.09 |
Nov 01, 2022 | 18,145.40 | 61,121.35 |
Oct 31, 2022 | 18,012.20 | 60,746.59 |
Data Source: BSE and NSE
Both the Nifty and Sensex scaled new highs during the month of November, after a gap of more than a year. What triggered this change of heart in Indian stock markets?
Broadly there have been 5 specific triggers that led to a surge in the Nifty and the Sensex to new highs in the month of November 2022.
Mutual Fund
6 mins read . 13 Nov 2023
Avoid the pitfalls: why buying low NAV funds is not a strategy
Read moreDemat Account
9 mins read . 10 Nov 2023
Muhurat Trading 2023: A Guide to Auspicious Stock Market Beginnings
Read moreMutual Fund
13 mins read . 06 Nov 2023
Debt and Hybrid Funds performance for October 2023
Read moreShare Market