The Sensex rallied about 5 percent in November to reclaim 36,000 and the Nifty reclaimed 10,800. If the momentum remains intact, the Nifty will likely hit 11,000 in the December series.
Anecdotal evidence suggests the rally is here to stay as bulls have remained in control of D-Street in December in 7 out of the last 10 years.
The maximum gain was seen in 2008 when the Sensex rallied 9.1 percent. The second biggest gain was in 2017, when it rose 3.7 percent. The third highest gain -- 3.3 percent -- was recorded in 2010.
Bears have managed to take control of D-Street in December just three times in the last 10 years. The Sensex fell a little over 6 percent in 2011, 3.7 percent in 2014, and 0.20 percent in 2015.
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Source: Moneycontrol
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