December 17, 2015 / 8:59 AM / 2 years ago

Sensex marks biggest single-day gain in nearly 1 month

A broker laughs while speaking to a colleague, as they trade on their computer terminals at a stock brokerage firm in Mumbai, March 4, 2015.Shailesh Andrade/Files

MUMBAI (Reuters) - India's stock markets gained over 1 percent on Thursday, marking their biggest single-day gain in about a month after the U.S. Federal Reserve raised interest rates for the first time in nearly a decade and signalled its tightening cycle would be "gradual."

The broader Nifty and the benchmark Sensex gained 1.21 percent each, recording their biggest single-day percentage gain since Nov. 19.

Reporting by Karen Rebelo in Mumbai; Editing by Gopakumar Warrier

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