Experts anticipate another pre-election rally in India s equity markets as the country prepares for General Elections in six months. Irrespective who wins elections, experts maintain positive outlook for the market.
FPIs extended their selling streak in October, withdrawing ₹24,548 crore from Indian equities, on the back of spiking US Treasury yields and a rise in crude oil prices.
While the seasonality aspect for the month hasnt been very strong with the index giving negative returns in 5 out of the last 10 November months, the period from Navratri to Diwali Muhurat trading session has generally been positive for the markets.