Sensex, Nifty posts 12% gains in November, yet India lags world markets

The benchmark Sensex and the Nifty posted a 12 per cent gain in November, but this was pale in comparison with global peers. On Monday, stocks in Asia (the Indian markets were closed) swung from gains to losses, along with US futures and European equities as investors monitored progress on the path to a coronavirus vaccine on the final day of a record month for global equities. Oil retreated. India’s emerging market peers Brazil and Thailand gained 26 per cent and 22 per cent, respectively, in November, while most European markets rose more than 20 per cent. China was the