Dalal Street saw a nearly 1 percent increase in the week ending November 29, reflecting positive market sentiment after recent corrections. This rally was influenced by factors such as reduced geopolitical tensions, expectations of increased government spending, and anticipated recovery in corporate earnings for the second half of FY25.

The market was further boosted by the strong performance of the BJP-led alliance in the Maharashtra elections, declining oil prices, and MSCI rebalancing. Going forward, the market will be influenced by monthly auto sales data and a significant drop in Q2FY25 GDP to 5.4 percent. Analysts predict a rangebound market with a positive bias, with focus on the Reserve Bank of India's monetary policy, US jobs data, and Manufacturing and Services PMI numbers.

The BSE Sensex rose by 0.87 percent to 79,803, while the Nifty 50 increased by 0.94 percent to 24,131. The Nifty Midcap 100 index climbed 2.5 percent and the Smallcap 100 index rallied 5 percent, outperforming the benchmarks. Market stability will depend on the consistency of incoming economic data, with investors ready to respond to the upcoming RBI policy announcement.