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Indian markets notch fresh record highs as indices log third straight weekly gain
Sensex and Nifty posted a third straight week of gains amid global optimism and domestic DII support, even as FIIs sold heavily and the rupee weakened to a new low.
Indian equity benchmarks closed at lifetime highs for the week ended November 28, extending their winning streak to a third consecutive week despite mixed global cues and currency pressure. The BSE Sensex advanced 474.75 points, or 0.55%, to finish at 85,706.67, while the Nifty50 gained 134.8 points, or 0.51%, to end at 26,202.95. Market sentiment was influenced by uncertainty around India US trade discussions, evolving Russia Ukraine ceasefire signals, strong global equities, and expectations of interest-rate cuts by both the US Federal Reserve and the RBI in December.