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

The Sensex rose 2,008 points, or 2.60%, to 79,310, while the Nifty gained 576 points, or 2.40%, to 24,536, marking their biggest single-day advances in seven months. The rally followed a nearly 9% drop in Brent crude and the US midterm election result, with banking, IT, auto and realty shares leading. Foreign investors also invested more than 3 billion dollars in Indian equities over 10 sessions through Tuesday.