Despite heightening geopolitical tensions, the Indian stock market made a strong recovery in Friday’s session, November 29, with strong support from heavyweights such as Bharti Airtel, Reliance Industries, and ICICI Bank helping the frontline indices finish the last trading day of November in positive territory.
The Nifty 50 ended the session with a gain of 0.91%, closing at 24,131, while the Sensex rallied by 0.91%, finishing at 79,760. However, the broader markets underperformed the benchmark indices. The Nifty Midcap 100 rose by 0.15%, closing at 56,384, while the Nifty SmallCap 100 ended the session with a 0.75% gain, at 18,649, compared to the previous closing.
Although heavyweights supported the benchmark indices in the final trading session, they weren’t enough to push November’s performance into the green. Both the Nifty 50 and Sensex ended the month with a drop of 0.34%, though the pace of selling slowed compared to October, when both indices fell over 6%, marking their steepest monthly drop since March 2020.
Additionally, November was the most volatile month for both the indices since June. The Nifty 50 swung by 1,274 points, while the Sensex fluctuated by 3,767 points.
