Indian markets received second month of record FII flows in December – Indian equities closed in the green for third month in a row up by 7.8% to 13,982 post an 11% rally in November on the back of positive news flow on the vaccine front. The rally was driven by continued strong FII inflows in December which stood at a record ` 62,016 crore on the back of `60,358 crore inflows in November 2020. Continued improvement in underlying economic conditions coupled a global risk on environment post the US elections has led to record flows into Indian equities.

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