Market Outlook November 2024

Snapshot for October
In October 2024, FPIs recorded an all-time high outflow of over ₹1.13 lakh crore in equities, reversing September’s ₹58,000 crore inflow. Despite this, Nifty corrected by 6.25%, compared to the 23.25% drop in March 2020 (~62000 crores) where outflow from FPIs was around during the COVID-19 outbreak. This limited correction, with broader indices moving similarly, highlights strong domestic support in the market. Read more

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