A surge in foreign inflows, amid cooling off of US bond yields, is seen as the major reason behind the latest market surge
Other important factors such as movement of rupee, crude oil and investment trend by overseas investors would continue to influence trading sentiment
Most global markets remained positive on Tuesday ahead of the US Federal Reserve's two-day meeting
The Sensex has now gained 14 per cent from its lows in October 2018
RIL, ICICI Bank, Axis Bank, HDFC Bank, Kotak Mahindra Bank, Bajaj Finance, and Asian Paints were up 6% to 20% from their respective September 14, 2018 levels
Biggest single-day gain for benchmark indices since Jan 31; FPIs continue to pour in big money
The decline in Sensex is a worrying trend for investors
The 30-share index rose 404 points, or 1.14 per cent, to end at 35,756, while the Nifty snapped its eight-day losing streak, ending 131 points or 1.24 per cent higher at 10,735
But looking beyond this event, election is the biggest factor as the nation stares at an uncertain outcome, say experts
The Indian market has under performed most major global markets this month
Market participants said the macroeconomic concerns, disappointing results in the last seven sessions and lingering US-China trade tensions put pressure on the markets
The NSE Nifty 50 Index also fell 0.2 per cent and both the gauges extended their retreat this week to 2 per cent, the steepest for that period since October 28
2019 appears a story of two halves for Indian equities; a more difficult first half might precede a stronger second half, says Eleswarapu
American central bank's move comes amid slowing global growth; leads to buying across European, Asian equities
The Sensex settled 106.41 points, or 0.29 per cent, down at 36,106.50, while the broader Nifty fell 33.55 points, or 0.31 per cent, to finish at 10,821.60
The rupee, however, declined by 16 paise to close at 72.01 against the US dollar amid strengthening of the greenback and rising crude oil prices
Morgan Stanley said market performance will broaden next year
The Sensex traded down 502.05 points at 35171.20, while the Nifty was down 156.60 points trading at 10537.10
HDFC twins were the other major laggards in the 30-share index.
The benchmark Sensex rose 5.1 per cent in November - its steepest monthly gain since July