Sensex jumps 600 points, investors earn ₹4 lakh crore. Why is stock market rising despite escalating US-Iran tensions?

Indian benchmarks Sensex and Nifty 50 surged in intraday trade on July 15, with Sensex climbing nearly 600 points (0.80%) to 77,641.86 and Nifty 50 rising over 150 points (0.70%) to 24,218.15. Mid-cap and small-cap indices gained up to 1%, adding about Rs 4 lakh crore to investor wealth despite escalating US-Iran tensions and a rise in crude oil prices.