India Market Outlook November 2026, Rotation Not Retreat

If you had watched only the Nifty 50 in October, you would have called it a dull month. Underneath that calm surface, though, IT stocks had one of their strongest runs in years, metals slumped, and foreign investors sold heavily while domestic money bought even more (all within the same four weeks). That gap between a sleepy index and a very busy market is the defining feature going into November 2026, and I find it far more telling than the headline move suggests.

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