Diwali Street! Sensex glows with 2,000-pt fireworks

What happened: Sensex jumped about 2,009 points to close at 79,310 and Nifty 50 rallied over 576 points to 24,537, with broader markets also rising. Key numbers: Sensex +2,009 pts to 79,310; Nifty +576 pts to 24,537; BSE market cap above Rs 500 lakh crore, up over Rs 8 lakh crore; Nifty Midcap 100 and Smallcap 250 up Why it matters: The content attributes the rally to falling crude prices, hopes of a Middle East conflict resolution after Republican midterm losses, lower bond yields, rupee strength and continued FII buying. VK Vijayakumar of Geojit said the bullish trend is set to continue.

Sensex jumped about 2,009 points to close at 79,310 and Nifty 50 rallied over 576 points to 24,537, with broader markets also rising.

The content attributes the rally to falling crude prices, hopes of a Middle East conflict resolution after Republican midterm losses, lower bond yields, rupee strength and continued FII buying. VK Vijayakumar of Geojit said the bullish trend is set to continue.