Keeping the early gains intact, stock indices in India closed with handsome gains on Monday. In the process, it made a good start to the new week and helped regain some of the recent losses.
The Indian stock markets will react to the recently announced election outcomes of the states and domestic macroeconomic data, Foreign Institutional fund flows, and Monetory policy review meeting of Reserve Bank of India's (RBI) in the first week of December, according to the market analyst
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The domestic stock markets on the last working day of the week erased the losses after taking support from positive global cues that included an indication of strength in the labor market of the United States and positive sentiments in other Asian markets.
The Nifty 50 index opened at 23,411.80 points with a gain of 61.90 points or 0.27 per cent, while the BSE Sensex index opened at 77,349.74 points with a gain of 193.95 points or 0.25 per cent.