Markets clock weekly gains for first time in 3 weeks

The benchmark BSE Sensex rose 0.7 per cent and the National Stock Exchange's Nifty 50 gained 0.9 per cent at the close in Mumbai

The benchmark Nifty gained 0.92 per cent on Friday, ahead of the outcome of the Goods and Services Tax (GST) Council meet. This rally helped markets register their first weekly gain in the past three weeks. The benchmarks gained 1.2 per cent during the week. Last week, they were down two per cent.
 
However, market participants caution that the situation could still be precarious, as foreign portfolio investors (FPIs) are continuing to take money off the table. FPIs have sold shares worth ~2,668 crore during the week.
 
Friday’s gain was led by metal stocks. The benchmark BSE Sensex