Why is the stock market rising today? Sensex surges over 900 pts, Nifty above 24,100; 5 key factors behind today's rally

Indian benchmark indices surged to levels unseen since January 6, fueled by robust earnings from banking giants like ICICI Bank and HDFC Bank. A weakening U.S. dollar and consistent foreign institutional investor inflows further bolstered market sentiment. Banking stocks spearheaded the rally, with the Nifty Bank index hitting a record high.