India equity benchmarks log third monthly gain

India's stock benchmarks notched their third straight monthly gain on Friday driven by improving earnings, expectations of domestic and US rate cuts and eased valuations, and ended near record highs ahead of the economic growth data, reports Reuters.
The Nifty 50 ended 0.05 per cent lower at 26,202.95 and Sensex lost 0.02 per cent to 85,706.67.
Both benchmarks hit all-time highs on Thursday after 14 months. They rose about 2 per cent each in November, gaining about 7.3 per cent over three months.