Indian stock markets rallied sharply on Thursday, with the Sensex rising over 900 points to close at 74,151. The Nifty gained more than 1%, settling at 22,936.75, supported by positive corporate earnings and a firmer rupee. Crude oil prices eased slightly, providing relief to oil-importing India amid high inflation concerns. A broad-based buying interest was noted across sectors, particularly in realty and FMCG.