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Sensex, Nifty posts 12% gains in November, yet India lags world markets

India’s rising market friends Brazil and Thailand gained 26 per cent and 22 per cent, respectively, in November

Topics
Markets | Sensex | Nifty




Samie Modak 


The benchmark Sensex and the Nifty posted a 12 per cent achieve in November, however this was pale in comparability with world friends. On Monday, shares in Asia (the Indian markets had been closed) swung from gains to losses, together with US futures and European equities as buyers monitored progress on the trail to a coronavirus vaccine on the ultimate day of a document month for world equities. Oil retreated. India’s rising market friends Brazil and Thailand gained 26 per cent and 22 per cent, respectively, in November, whereas most European markets rose greater than 20 per cent. China was the one main world market that India outperformed in November. However, Chinese equities gained 18 per cent on a year-to-date foundation. On the opposite hand, India was up simply 3 per cent in greenback phrases. The US election outcomes and the Covid-19 vaccine trial progress boosted threat urge for food in November. Many imagine the markets are pricing in expectations of the financial system returning to normalcy in the primary half of 2021. However, specialists say the markets might consolidate in December after the sharp up transfer.

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First Published: Tue, December 01 2020. 01:38 IST



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