The unabated journey continued for the Indian markets on Tuesday as well with both the indices, Sensex & Nifty logging fresh record highs. However, it was a tough row to hoe for the bulls as extinct bears fought their heart to gain supremacy but all in vain as the recovery in the second half of the trading session once again provided an advantage to the bulls.

The bulls seemed to be blessed by the Almighty and believe that nothing can go wrong with them. The Indian markets were staring at a murky opening on Monday as the cues from the global markets were shabby and fragile.

SGX Nifty indicates that the markets may face some turbulence on Monday morning as it is trading down by 45 points at 13,281 levels. This is mainly due to negative cues prevailing in the Asian indices. The market participants would like to grab this opportunity and prefer to buy in dips as the major trend of the market remains completely in the favour of the bulls.

Going into the final trading session of the week, the advantage is again with the bulls despite the lackluster cues from the global peers. SGX Nifty is trading higher by 38 points and at 13,241 levels. The early advantage to the bulls is due to the statement made by the Finance Ministry.

Indian markets ended the final trading session of the November series on a buoyant note. November series turned out to be a really bumper one for the market participants as Nifty gained 11.31 per cent and Bank Nifty surged 22.68 per cent.

Indian markets witnessed a fierce sell-off on Wednesday. As a result, Nifty formed a bearish engulfing pattern on the daily chart. Further, India VIX jumped nearly 10 per cent and closed above the 23 mark. A sharp fall with rising VIX is definitely not a pleasing sign for the bulls.

Just like, ‘you’ve put on some weight’ is a standard remark after Diwali as people consume a lot of sweets during this festive season, ‘markets hit a new high’ is becoming another such standard remark bolstered by record-buying by the FIIs as the latter have pumped in more than 55,000 crore in equities till now in the month of November.

The majority of the markets across the globe are seen riding higher on the optimism that the encouraging results by the clinical trial of the vaccine will soon put an end to damage caused by Coronavirus and the economy would find its mojo back.

The Indian markets continued their northward journey for the third straight week buoyed by inflows from FIIs as FIIs have bought shares worth of over 46,000 crore in November itself, which stands out to be highest monthly inflow in at least two decades.

Markets, as expected, are in consolidation mode. After a fall in Thursday's session markets are expected to open with minor gains on Friday. SGX Nifty is up by nearly 20 points indicating a positive start.