Mumbai, Dec 17 || Indian equity markets touched fresh all-time highs in November and clearly outperformed global markets, a new report said on Wednesday.
The data compiled by PL Asset Management said India emerged as a bright spot at a time when many global markets struggled due to weak technology stocks, fading enthusiasm around artificial intelligence and soft economic data from China.
The report noted that record-low inflation, steady domestic growth and reasonable valuations improved the overall outlook for investors.
"While global markets remained uneven, India benefited from strong local demand, supportive liquidity and a predictable policy environment," the report said.
Inflation played a major role in boosting market sentiment during the month. Consumer price inflation fell sharply to just 0.25 per cent, the lowest level on record and far below the Reserve Bank of India’s target of 4 per cent.