New Delhi, Dec. 2 -- The Nifty 50 Index climbed to a fresh record high in November, breaking out of a 14-month consolidation phase and defying a series of macroeconomic challenges. Despite persistent FII selling, pressure on the rupee, and concerns surrounding import tariffs, Indian markets remained remarkably resilient. Strong domestic participation, robust Q2 earnings, and improving expectations for Q3 and Q4 helped push benchmark indices higher even as global uncertainty lingered.

India's better-than-expected earnings season provided a solid cushion for equity markets. The Nifty and Sensex finally broke out to new peaks on November 27 marking their first new high in over a year. This breakout has strengthened optimism around India's s...