With FII support, the market keeps setting new records while the rupee strengthens.

The US dollar, crude oil prices, and commodity prices all fell, and there was significant FII purchasing, which helped the Indian benchmark indexes maintain their upward trend for a second straight week and reach new record highs in the week ending December 2. Sentiment was also helped by the US Fed's hint that its December rate hike would be slower than usual.

The BSE Sensex increased by 574.86 points or 0.92 percent for the week to close at 62,868.5, and the Nifty increased by 183.35 points or 0.99 percent to complete the week at 18,696.1. The 30-pack Sensex and the broad-based Nifty both reached record highs on December 1 at 63,583.07 and 18,887.60, respectively.

HLV, Sadbhav Engineering, Likhitha Infrastructure, Rico Auto, KBC Global, Jaiprakash Associates, Raymond, Cosmo First, and Bajaj Hindusthan Sugar all had gains of 20–31%, contributing to the BSE smallcap index's gain of 2.4 percent.

The companies New India Assurance Company, Tube Investments of India, Aditya Birla Capital, Dalmia Bharat, Bharat Heavy Electricals, and L&T Technology Services helped drive the BSE midcap Index's increase to 2.8 percent.

One 97 Communications, the parent company of Paytm, Bandhan Bank, Zomato, and ICICI Lombard General Insurance Company all contributed to the BSE largecap index's 1% gain.

Reliance Industries contributed the most to its market value among the Sensex businesses, followed by Hindustan Unilever, Tata Consultancy Services, and UltraTech Cement. Maruti Suzuki India, HDFC Bank, and Bajaj Finance, on the other hand, saw the greatest market cap erosion.

Each sectoral index finished in the black. The Nifty media index increased by 4%, the Nifty real estate index increased by 4%, the Nifty metal index increased by 3.7%, and the Nifty FMCG index increased by 2.4%.

While domestic institutional investors (DIIs) sold shares worth Rs 1,335.57 crore, foreign institutional investors (FIIs) bought shares worth Rs 15,067.55 crore.

In the week that concluded on December 2, the Indian rupee strengthened. Compared to its closing price of 81.68 on November 25, it increased 37 pence to conclude at 81.31 to the dollar.