Sensex jumps nearly 1,200 points; Nifty 50 reclaims 24,850— Why is the stock market rising? Explained

The Sensex jumped nearly 1,200 points, or 1.5%, to hit an intraday high of 80,304 during the session. The NSE counterpart Nifty 50, too, jumped 1.5% to the day’s high of 24,854.