New Delhi, Dec. 1 -- The Nifty 50 advanced for a third straight month in November, supported by positive domestic and global cues, as its sustained momentum helps narrow the performance gap with other major Asian markets.

Although the index began the month on a weak note, it regained momentum in the second week and sustained it through the end of November.

The rebound has also come amid a sharp sell-off in global markets, as the AI-powered rally that enabled investors to mint billions has fizzled due to valuation concerns. This also prompted overseas investors to turn their attention back to opportunities in the Indian stock market, as evident from their repeated net buying during the second half of November.

November also marked a maj...