Sensex jumps 800 points: 3 reasons why the stock market is rising today

Dalal Street continued its winning streak as indices rallied in early trade on Wednesday, with the Sensex gaining over 700 points and the Nifty reclaiming the 24,150 mark, as investors cheered another strong session for IT stocks while awaiting the US Federal Reserve’s policy decision. The BSE Sensex rose 711 points to 77,477.25, while the Nifty50 climbed over 200 points to 24,186.30. Gains were broad-based, with 13 of the 16 sectoral indices trading in positive territory. Here’s what’s driving today’s rally. IT STOCKS CONTINUE TO LEAD THE MARKET Information technology stocks extended Tuesday’s rally, providing the biggest support to benchmark…