Sensex jumps 900 points, investors earn over ₹3 lakh crore; why is the Indian stock market rising today? EXPLAINED

The Indian stock market witnessed a fresh wave of healthy buying across segments on Friday, May 2, driving the benchmark Sensex up by over 900 points and helping the Nifty 50 reclaim the 24,550 mark.

The Sensex opened at 80,300 against its previous close of 80,242 and jumped over 900 points to hit an intraday high of 81,159. The Nifty 50, on the other hand, started the day at 24,312 against its previous close of 24,334 and touched an intraday high of 24,589, jumping more than 250 points, or 1 per cent. The BSE Midcap and Smallcap indices rose by up to a per cent.

Around 10:10 AM, the Sensex was 894 points, or 1.11 per cent, up at 81,136, while the Nifty 50 was 240 points, or 1 per cent, up at 24,574.

(This is a developing story. Please check back for fresh updates.)