Why is market rising today? Sensex jumps 700 points, Nifty above 22,450. 6 key factors driving D-Street rebound after crash

The Indian stock market swinged into the deep green, with easing oil prices, sharp surge in IT stocks and other factors triggering a sharp rebound in Sensex and Nifty on Friday, a day after a sharp crash that wiped off more than Rs 10 lakh crore from Dalal Street.

At 9.55 AM, Sensex jumped over 700 points to 72,328 while Nifty 50 gained over 200 points to trade above the 22,450 level. The sharp gains have added nearly Rs 3 lakh crore to the total market capitalisation of all companies listed on BSE, pulling it up to near Rs 464 lakh crore.

IT stocks led gains on Sensex after TCS’ Q2 results impressed market and OpenAI’s weak earnings boosted sentiment, bucking worries after Trump extended push for a $100,000 fee for H-1B non-immigrant visas. TCS, Infosys, HCL Tech and Tech Mahindra shares jumped up to 5%. ITC, Adani Ports, HDFC Bank, Power Grid, Bajaj Finserv, Tata Steel, Trent, SBI, Maruti Suzuki, Kotak Mahindra Bank and other stocks gained up to 3%.


Bucking the trend, BEL and Reliance Industries shares fell up to 1%. The overall market breadth turned positive, with NSE seeing 1,223 declines against 1,884 advances, while 80 stocks remained unchanged.

Among the sectors, Nifty IT jumped 3% to lead gains, while Nifty FMCG, Nifty PSU Bank, Nifty Private Bank, Nifty Realty, Nifty Financial Services and several others gained more than 1% each. This came as India VIX, which measures volatility in the market, eased nearly 4%.

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