India outperforms and emerges as a shining star in CY22
The Nifty, after declining in Sep’22, bounced back in Oct’22 with 5.4% MoM gain –the second highest since Aug’21. All major sectors ended higher; PSU Banks (+16%), Capital Goods (+7%), Technology (+6%), and Private Banks (+6%) were the top gainers. Consumer and Media were the only laggards.