Sensex Jumps Over 350 Points On Bets Fed Slows The Pace Of Rate Hikes

Stock Market India: Equity benchmarks rose on Thursday, tracking the fifth day of gains for a global stocks index.

Indian stocks rose on Thursday, tracking the fifth day of gains for a global stocks index on positive indications that central banks may be getting closer to shifting down the gear on aggressive monetary policy.

The BSE Sensex index jumped 354.43 points, or 0.6 per cent, to 59,898.39, and the broader NSE Nifty rose 114.50 points, or 0.65 per cent, to 17,770.85, returning from a holiday on Wednesday for Diwali celebrations.

Indian equity benchmarks had enjoyed a seven-day rally, including the gains in Monday's one-hour Muhurat trading window to commemorate the start of the Hindu Samvat year 2079, before a slight fall on Tuesday.