Mumbai: Indian equity markets reported the longest weekly winning streak in six years in last week. Indian benchmark indices extended their upward rally for the seventh consecutive week. This represents the longest weekly advance in last six years.
NSE Nifty 50 advanced to an all-time high of 21,492 points on Friday, concluding the week with a robust rally of 2.32%. 37 out of the 50 constituents of Nifty 50 ended the last week higher. HCL Technologies was the top gainers as it surged 9.3%, to Rs 1,491 apiece and achieving a record high of Rs 1,497.Other gainers included LTIMindtree, Hindalco Industries, NTPC, Hero MotoCorp, NTPC, Tech Mahindra, UltraTech Cement, Adani Enterprises, and Infosys, all closing the week with gains ranging from 6% to 7.5%.
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The Nifty IT index soared from 33,392 to 35,782 points, marking a substantial gain of 2,390 points, or 7.15%.
BSE Sensex also reached a new record high of 71,605 points, wrapping up the week with a gain of 2.37%. The BSE Mid-Cap Index gained 2.57%, while the BSE Small-Cap Index rallied 2.38%.
FPIs have extended their investment streak for the second consecutive month in December. FPIs invested Rs 9,000 crore into Indian equities.
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