Why is market rising today? Sensex soars 800 points, Nifty above 24,250. Key factors powering D-Street bulls

Sensex surged nearly 800 points to 77,786 while Nifty 50 jumped over 200 points to 24,259, adding about Rs 2 lakh crore to total BSE market capitalisation which rose to Rs 478 lakh crore. The rally was powered by falling crude oil prices (Brent down 1.7% to $72.5 per barrel on a US-Iran initial peace deal easing Strait of Hormuz tensions), a stronger rupee (up 0.5% to 94.16 against the dollar, its strongest since early May), and supportive global cues with Nikkei and Kospi both rising about 5%. IndiGo and Maruti Suzuki led gains with about 5% each, while Nifty Auto surged 3% and Nifty Realty advanced nearly 2%, though market breadth remained weak with 1,705 NSE stocks declining against 1,421 advancing.