Indian markets closed sharply higher on November 26, with the S&P BSE Sensex rising 1,022.50 points to 85,609.5 and Nifty50 gaining 320.5 points to 26,205.3. Strong buying in financials, metals and energy supported the upmove, while Bank Nifty climbed 1.2% to 59,528, its highest level since October 1. Softer crude prices and expectations of a U.S. rate cut added to the momentum.