Sensex surges 800 points, Nifty 50 crosses 24,200 mark; what’s driving the rise in Indian stock markets today?

Sensex surges 800 points, Nifty 50 crosses 24,200 mark; what’s driving the rise in Indian stock markets today?

The Nifty 50 gained almost 250 points, or 1%, to regain the level of 24,283, while the Sensex surged more than 850 points, or 1%, to reach 80,089 during the session.

On Monday, April 28, the Indian stock market saw robust morning trading, with benchmarks the Sensex and the Nifty 50 surging by almost 1% apiece in the face of generally encouraging global trends. The Nifty 50 gained almost 250 points, or 1%,to regain the level of 24,283,while the Sensex surged more than 850 points,or 1%, to reach 80,089 during the session.

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At approximately 11:15 AM,the Nifty 50 was up 200 points,or 0.83 percent,at 24,238 and the Sensex was up 727 points,or 0.92 percent,at 79,940.

Throughout the session, the BSE Midcap and Smallcap indices also increased by 1%.

Investors gained around ₹3 lakh crore in a single day as the total market capitalization of the companies listed on the BSE increased from roughly ₹422 lakh crore to approximately ₹425 lakh crore.

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