Early on D-Street | Further upside likely; Nifty may touch 12,150-200 during the week

Key equity indices Sensex and Nifty logged strong gains on December 13, buoyed by positive global sentiment as investors cheered signs of progress in the US-China trade talks while hopes of a smooth Brexit grew stronger after a decisive election win by the Conservative Party in the UK polls.

Investors shrugged off domestic data showing a deepening of the industrial slowdown and a spike in retail inflation to over three-year high.

Sensex settled 428 points, or 1.05 percent, higher at 41,009.71 while Nifty closed the day with a gain of 115 points, or 0.96 percent, at 12,086.70. Midcaps and Smallcaps, too, witnessed decent gains but underperformed the benchmark Sensex. BSE Midcap closed 0.92 percent up and the Smallcap index settled 0.82 percent up.

Barring BSE Telecom, all sectoral indices settled with gains, with the metal pack jumping 2.30 percent, followed by Realty, Teck, Capital Goods, Auto, IT, Industrials and Basic Materials, each gaining over a percent.

For the week, both Sensex and Nifty climbed by 1.4 percent.

The rupee closed flat at 70.83 to the US dollar on December 13 as surging crude oil prices weighed on the domestic unit.