All except two Nifty50 stocks gave positive returns in November; what lies ahead?

livemint.com:

₹9,001 crore after selling shares worth ₹24,548 crore in October and ₹14,767 crore in September, data with the depositories showed. All except 2 stocks were in the green in the month of November. Only Bajaj Finance and SBI witnessed a decline in this period, while the remaining 48 stocks gave positive returns, mirroring the positive market sentiment.

2-wheeler stock Hero MotoCorp jumped the most, 24 percent in November, followed by BPCL, up 21 percent. "HMCL is expected to improve market share going forward due to its long-term strategic plan like showroom revamp and upgradation of the portfolio. Further, we are positive on HMCL due to a lower threat to EV transition (scooter 8 percent of overall volume); scaling up the EV portfolio; entry into middleweight MC with HD-X440 and Healthy dividend yield of 3.3 percent.

We recommend ADD rating on the stock with TP of ₹3,477," said Choice Broking. Eicher Motors and NTPC also rallied 17 percent and 15 percent, respectively, during the month. Meanwhile, Apollo Hospitals, Bajaj Auto, Divi's Labs, Coal India, Axis Bank, M&M, LTIMindtree, Tata Motors, JSW Steel, HDFC Life, Hindalco, and Tata Steel also gave double digit returns, up over 10 percent each.

The Indian equity market is in a strong bullish mood and is hitting a fresh all-time high. We may continue our momentum and outperform our other global peers, backed by the strong fundamentals and under-ownership of FIIs. State election results may create some kind of volatility, but we are preparing ourselves for a pre-election rally.