The Nifty and the Sensex closed in the green on Friday. The Nifty closed at 5908, up 38 points while the Sensex closed at 19445, up 121 points.
Friday’s rally was led by energy, commodities, IT and MNC sector stocks.
Market-men said that the staggered hike in diesel prices was better late than never.
“With few days left in December, attention will soon shift to next year. Corporate earnings will be tracked closely. Being the beginning of a new month, markets will have lot of data points to digest, including manufacturing and services PMI and auto sales. So, brace for more volatility and uncertainty, and avoid any misadventures,” said Amar Ambani, Head of Research, IIFL.
Volatility was down 0.8 per cent and the volatility index India Vix closed at 13.63.
RIL, ONGC, BPCL, Wipro and Infosys were the top five Nifty gainers while Axis Bank, SBI, M&M, HDFC Bank and Sun Pharma were the top losers.