Indian benchmark indices Sensex and Nifty closed at their highest levels in nearly two months supported by net buying from foreign investors.

Indian stock markets surged on Tuesday, with the Sensex jumping 1,225 points and the Nifty closing above 23,800, driven by declining oil prices.

Indian equity markets saw a surge as the BSE Sensex rose by over 1,200 points and the Nifty reclaimed 23,400, driven by Reliance Industries and easing crude oil prices.

Indian shares surged on Monday, with the Sensex rising 1,233 points and the Nifty ending above 23,400, supported by falling oil prices and strong earnings from Reliance Industries.

India’s GST collections in October reached Rs 2.31 lakh crore, reflecting a 22.9 percent year-on-year increase driven by festive demand.