Indian equity benchmarks closed at fresh all-time highs for the fourth consecutive day on December 20.
The gains, however, were nominal as the Sensex climbed only 8 points to 41,681.54 while the Nifty rose 12 points to close at 12,271.80.
Market sentiment also got a boost from the RBI’s decision to conduct a special open market operation (OMO) to bring down long-term yields. This was cheered by the market with gains in banking stocks. However, the concerns over the weakness in the economy prevailed, triggering profit-taking by investors, after Fitch Ratings cut India's GDP growth forecast for FY20 to 4.6 percent.