Mumbai, Nov. 3 -- Indian stock markets closed sharply higher on Tuesday, with both benchmark indices gaining more than 1.5 per cent, supported by a decline in crude oil prices, renewed foreign investor buying and positive sentiment across most sectors.

The BSE Sensex surged 1,225.07 points, or 1.62 per cent, to close at 76,917.85. Similarly, the Nifty 50 index gained 370.05 points, or 1.58 per cent, to settle at 23,810.85.

Vinod Nair, Head of Research at Geojit Investments, said Indian equities extended their recovery as a sharp decline in crude oil prices, falling US Treasury yields and renewed foreign institutional investor (FII) interest eased recent macroeconomic pressures.

"Resilient Q2 earnings further strengthened confidence in ...