Why stock market rose today: Sensex soars 1,090 pts; Nifty above 22,500; 5 key factors behind surge
[hfe_template id='11223']
[ad_1]
Benchmark Nifty 50 ended over 1.5% higher on Tuesday, rebounding from the previous session's sharp selloff, as bargain hunting and a broader recovery across Asia lifted sentiment amid hopes of U.S. tariff negotiations. The rally also comes ahead of the Reserve Bank of India’s policy decision on April 9, with expectations of a 25 basis point rate cut. The Nifty surged 375 points, or 1.69%, to close at 22,535, while the Sensex rose 1,089 points, or 1.49%, to end at 74,227. During the session, the Sensex had climbed over 1,700 points. The total market capitalisation of BSE-listed firms jumped by Rs 7.46 lakh crore to Rs 396.71 lakh crore. Among sectors, the Nifty PSU Bank index gained 2.6%, while Finance, Realty, Oil & Gas, and Consumer Durables rose over 2%. Nifty Auto, IT, Metal, and Pharma added 1–2%. In the broader market, the Nifty Midcap 100 and Smallcap 100 climbed more than 2% each. Meanwhile, India VIX, the volatility index,...