The rally in Indian stock indices continued as they jumped during nine out of the past 10 sessions. At 9.53 am this morning, Sensex traded at 59,949.51 points, up 192.67 points or 0.32 per cent, whereas Nifty traded at 17,793.25 points, up 56.30 points or 0.32 per cent. Nifty oil and gas, and Nifty auto were the top moving Nifty 50 indices this morning. Among the stocks, Coal India, ONGC, Bajaj Auto, Reliance Industries, and NTPC were the top five gainers among the Nifty 50 basket. Good second-quarter earnings and high trading volumes during Diwali, which is considered auspicious by investors' community, somewhat gave fuel to the financial markets. "There are many factors going in favour of the bulls like strong Q3 GDP numbers (2.6 per cent) in the US, easing recession fears, indications of declining inflation and expectations that Fed might pause rate hikes in Q1 of 2023. In India, even though valuations look high from the short-term perspective, there are favourable factors that can take the market higher," said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services. Real gross domestic product (GDP) in the US moved back to positive territory after two consecutive quarters of degrowth.