Why is market rising today? Sensex soars over 800 pts, Nifty tops 24,200; 4 key factors powering D-Street

Listen to this article in summarized format Loading… × The Indian stock market surged on Wednesday, with benchmark indices Sensex and Nifty rising nearly 1% each, despite a sharp increase in oil prices as US-Iran tensions escalated. At 9:49 am Sensex soared above 800 points to trade at 77,550 level, while Nifty gained over 200 points to trade above 24,200 mark. The sharp gains added around Rs 3 lakh crore to the total market capitalisation of all companies listed on BSE, pulling it up to Rs 482 lakh crore. Infosys, L&T, Eternal, Hindustan Unilever, Bharti Airtel, TCS, Bajaj Finance, M&M,…