Nifty on track to hit 20,000; Sensex target at 70,000 levels: Analysts

Meanwhile, the market's attention in the next few weeks will shift to the outcome of the Gujarat assembly election and the monetary policy action of the Reserve Bank of India (RBI)

It was a busy November for markets as they navigated through a maze of developments that included US Federal Reserve’s stance on rate hikes, inflation data back home, softening crude oil prices and the end of September quarter earnings season, which was mostly in line with expectations. Dollar index fell around 4.3 per cent in November, making this its biggest one-month drop since June 2010.

In November, the S&P BSE Sensex and the Nifty 50 indices gained 4 per cent