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Nifty Rises 1%, Sensex Surges Nearly 900 Points: Five Reasons Why Stock Market Is Rising Today

Nifty and Sensex rose on the back of positive global cues and surge in PSU bank and metal stocks.

<div class="paragraphs"><p>(Source: NDTV Profit)</p></div>
(Source: NDTV Profit)
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The Indian stock market snapped three day losing streak to rise over 1% on Wednesday, buoyed by positive global cues and surge in PSU bank and metal stocks.

The Nifty 50 surged 1.12% to hit 26,173.60, while the Sensex climbed nearly 900 points to 84,478.13. This comes after the Asian market mirrored the gains in the Wall Street.

"Global sentiment remains constructive, supported by expectations of a potential U.S. rate cut and broadly stable Asian markets, keeping the overall tone cautiously optimistic," said Hitesh Tailor, Research analyst, Choice Broking.

Volatility index VIX had fallen over 4% at 1:00 p.m.

(This is a developing story.)

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