Why is market rising today? Sensex jumps over 700 points, Nifty above 24,100. 5 key factors behind today's D-St rally

Sensex surged over 700 points to 77,394 and Nifty 50 rose around 162 points to 24,125, adding nearly Rs 4 lakh crore to BSE market capitalisation which touched about Rs 480 lakh crore. The rally was led by IT stocks after TCS kicked off Q1 earnings season with 5% YoY net profit growth at Rs 13,349 crore and 14% YoY revenue rise to Rs 72,275 crore, with a total contract value of $9.5 billion. Positive global cues, including a sharp rebound in Nasdaq and Asian markets like South Korea's Kospi gaining around 5%, further bolstered sentiment despite escalating Iran-US tensions and oil price volatility.