Why is market rising today? Sensex soars over 700 pts, Nifty nears 24,200; 4 key factors

Benchmark indices surged nearly 1% in early trade, with Sensex rising over 700 points and Nifty crossing 24,150 despite a spike in oil prices. Gains were supported by IT stocks, rupee strength and resilience to global AI selloff, while broader markets advanced and volatility eased.