The Indian equity markets enjoyed their best month in the quarter as FIIs returned with a buying spree. In addition, the rupee continued to strengthen against the US dollar, while crude oil slipped further. These were the major factors that boosted investor sentiment across the board.
The next week promises to be full of action as all eyes will be on the two-day G20 summit, while the monthly auto sale numbers and PMI readings will also keep traders on the edge. In addition, the RBI policy meet, which is scheduled on Dec 6, will also be closely watched.
Sectoral wise, IT index shot up by 5%, Energy rose by 3.8%, Media gained by 3.2%, FMCG index gained by 3%, while Auto was up by 1.5%.
Bank Nifty relatively underperformed on Friday and ended in the red. Nifty Pharma and Realty were the best performing indices and ended ~2% and 2.2% higher, respectively, on Friday.
For the week, Nifty gained 3.2%, while Bank Nifty was up 3.3%.
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