Home / Markets / News / Markets log best monthly gain since April; Sensex, Nifty gain 11.4%

Markets log best monthly gain since April; Sensex, Nifty gain 11.4%

US election results, vaccine hopes boost risk appetite of global investors

Markets continue to rally on RBI policy fillip; Sensex rises 164 points

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The peculiar US election verdict and progress on the vaccine front boosted risk appetite of foreign portfolio investors (FPIs). | Photo: Reuters

Sundar Sethuraman Thiruvananthapuram

3 min read Last Updated : Nov 27 2020 | 10:34 PM IST

The domestic indices have logged their best monthly advance since April. In November, the benchmark Sensex and Nifty50 indices gained 11.4 per cent each, underpinned by the highest-ever foreign inflow.

The US election verdict and progress on the vaccine front boosted risk appetite of foreign portfolio investors (FPIs). Their daily average purchase stood at over $400 million, or Rs 3,000 crore.

The small- and mid-cap indices outperformed with gains of over 13 per cent each. Friday was the last trading day of the month as markets are shut on Monday.

The latest gains have come on a high base as the markets had

Topics : Joe Biden Coronavirus Markets Sensex Coronavirus Vaccine

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