New Delhi, Nov. 26 -- Indian stock indices settled sharply higher on Wednesday, tracking robust cues from US peers and strong domestic market fundamentals. At the closing bell, Sensex settled at 85,609.51 points, up a whopping 1,022.50 points or 1.21 per cent. Nifty closed at 26,205.30 points, up 320.50 points or 1.24 per cent, respectively.

"Indian markets staged an impressive rally on Wednesday, with broad-based buying across sectors reflecting the sharp risk-on sentiment in global equities," said Ponmudi R, CEO of Enrich Money. "The upmove was supported by growing expectations of a U.S. Federal Reserve rate cut in December, after the latest U.S. economic releases -- including September retail sales and producer price data -- signalled...