Terrific Thursday for stock market! Nifty jumps 576 pts, Sensex 2,009 pts after US election results; bank, IT shares fly

What happened: Indian stocks rose for a sixth straight session, with the Sensex and Nifty posting their biggest single-day gains in seven months after US midterm election results and a fall in crude oil prices. Key numbers: Sensex closed at 79,310, up 2,008 points or 2.60%. Nifty settled at 24,536, up 576 points or 2.40%. Brent crude slid nearly 9% in the previous session. Why it matters: Analysts cited hopes that a more restrained Washington could lead to de-escalation in the Iran conflict and tariff policies, while softer crude and easing yields reduce external pressure on valuations. Coverage: 5 outlets in 24h

Indian stocks rose for a sixth straight session, with the Sensex and Nifty posting their biggest single-day gains in seven months after US midterm election results and a fall in crude oil prices.

Analysts cited hopes that a more restrained Washington could lead to de-escalation in the Iran conflict and tariff policies, while softer crude and easing yields reduce external pressure on valuations.