Indian equity markets rallied strongly last week, with Sensex and Nifty touching 14-month highs before mild profit-booking trimmed gains. On 27 November, Sensex hit 86,055.86 and Nifty 26,310.45—surpassing their previous peaks. The sharp 8.2% GDP growth for Q2 has strengthened expectations of sustained market momentum.
Experts believe benchmark indices may continue rising even if individual investor portfolios remain mixed. Global factors are also favourable as December marks the financial year-end for many foreign markets, and FII selling pressure is expected to ease.
During the week, Sensex gained 0.45% to close at 85,706.67, while Nifty rose 0.52% to 26,202.95. Mid-caps outperformed, but small-caps stayed weak. FIIs sold ₹3,659 crore, while DIIs bought a massive ₹22,763 crore.
Gold and silver prices surged sharply, with 24-carat gold in Jaipur rising to ₹1,31,400 per 10g and silver jumping to ₹1,76,800 per kg.
Analysts advise investors to focus on fundamentally strong companies such as Reliance, SBI, PNB, GMR, Welspun Living, and BEL. In the primary market, three mainboard and 14 SME IPOs are open this week, though investors must evaluate premiums and risks carefully.
