Indian equity markets registered their highest single-day percentage gains since early October on across-the-board buying tracking a rally in global stocks after the minutes of the US Federal Reserve released on Wednesday indicated that the US central bank would hike interest rate but the pace of increase going forward would be gradual.

Overnight, the Wall Street jumped euphorically post the released of US Federal Reserve’s meeting minutes that hinted at raising the interest rates in December as it feels confident about the health of the world’s largest economy.