It was green across the screen as Dalal Street gained in all 5 trading sessions this week. Nifty and Sensex rallied to post their biggest weekly gains in 5 months but the Nifty Bank outshone them all to post gains of over 12 percent this week.

Sensex and Nifty both gained almost 5.5 percent for the week but the Indian markets were still underperformers compared to the global markets.

Nilesh Shah, MD of Kotak Mahindra AMC, said most of the quarterly earnings are meeting expectations or are way above expectations. So, looking at the valuations, one should expand their portfolio.

Shah said, "Building material as a sector, encompassing cement, tiles, pipes, fittings, paints, put together should be a market outperformer over the next 12-18 months."

Rohit Srivastava, founder & strategist at Indiacharts.com, said the momentum in the market suggests that Nifty could be heading towards 12,800 in November.

He advised investors to look at buying opportunities in banks, metals, IT and auto sector stocks.

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(Edited by : Bivekananda Biswas)