Big surge! Early Diwali for Sensex, Nifty as stock market skyrockets on Reliance Jio IPO, IT shares jump - More to come?

Indian stock markets experienced a significant rally on Thursday, with the Sensex topping 74,330 and the Nifty reclaiming 23,000.

The strong performance was driven by robust IT earnings, buying in financial and consumer stocks, a firmer rupee, and lower oil prices, despite weakness in Asian markets.