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The Nifty Realty index closed 1.45 per cent up at 450.15.

"Spot gold prices in the Delhi markets were down amid stronger rupee and risk-on sentiments," Dilip Parmar, Research Analyst at HDFC Securities, said.

Glenmark Pharmaceuticals, incorporated in the year 1977, is a Mid Cap company (having a market cap of Rs 12152.98 Crore) operating in Pharmaceuticals sector.

The rupee finished the session at 81.4225 per U.S. dollar, against its previous close of 81.72. The currency has faced stiff resistance at the 81.50 mark due to strong dollar demand recently, traders have said.

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The likely fall in November figures compared with the October data can be attributed to the end of festive season and buyers’ tendency to skip purchases in the month to grab the best of deals in December, when most auto companies offer major discounts.

Inflation for core goods may reach its apex in the coming quarters, but services inflation could stay sticky for longer, Sengupta said. The current account deficit will likely remain elevated at 3%-3.5% of gross domestic product, even as a peaking dollar gives the central bank “some freedom to play with a lower level of reserves as external balances pressure will be more manageable.”

Broad-based gains saw the pan-European STOXX 600 index rise 0.3% by 0825 GMT, on track to break a three-day losing streak. The index is up around 6.4% for November, putting it on course for its second straight month in the black.

In the last 11 years, foreign investors have poured in money seven times in the month of December on a net basis, despite the holiday season for Christmas and the new year.

"Factory output was weaker than expected, and this data came out as concerns about a slowdown in the global economy were looming," said Shigetoshi Kamada, general manager at the research department of Tachibana Securities.