Markets post biggest monthly gain since July on falling crude, rising rupee

Markets completed their best month in four in November, on signs that foreign buying is increasing amid strengthening of the rupee and slipping of crude oil prices into bear territory.

The benchmark Sensex rose 5.1 per cent in November — its steepest monthly gain since July. It climbed 0.1 per cent to 36,194.30 on Friday. The Nifty rose 4.7 per cent in the month. Overseas investors bought net Indian shares worth $720 million through November 28 after three months of selling, according to data compiled by Bloomberg.

“The rupee appreciation and sharp fall in oil prices are substantially positive for the market