Sensex jumps 650 points, investors get richer by ₹3 lakh crore in a day— What drove the Indian stock market higher?

The Sensex jumped 650 points, or 0.79%, to end at 83,277.15, while the Nifty 50 settled at 25,682.75, rising 212 points, or 0.83%. The BSE 150 MidCap Index rose 0.64%, while the BSE 250 SmallCap Index slipped 0.16%.