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One year of Nifty's lifetime high: Domestic equities stuck in a loop

The fall in the Indian market is far subdued, compared to many global peers that have slipped into bear-market territory

stock markets, Nifty50
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Relatively better prospects and strong domestic liquidity are seen as reasons for India’s outperformance vis-à-vis global peers over the past year.

Sundar Sethuraman Thiruvananthapuram
It has been one year since the domestic market punched in its lifetime highs. On October 18, 2021, the benchmark Nifty50 Index had closed at 18,477. Since then, domestic equities have been on a roller coaster, with the Nifty dropping to 15,294 on June 17 this year.

Currently, the index is at 17,186 — 7 per cent below its lifetime high.

The fall in the Indian market is far subdued, compared to many global peers that have slipped into bear-market territory.

A hawkish pivot by global central banks due to runaway inflation, rise in geopolitical tensions in the midst of