# Why Stock Market Rallied Today

> Sensex and Nifty jumped 1% as three key factors boosted Indian markets.
- Title: Why Stock Market Rallied Today · mint | Shortify
- Summary: Sensex and Nifty jumped 1% as three key factors boosted Indian markets. Indian stock indices rose 1% due to short covering, falling oil prices, and strong…
- Keywords: sensex, nifty, nifty 50, banking stocks, it stocks, hdfc bank, accenture, oil prices, indian stock market, money, business, Stock
- Source: mint — https://livemint.com/market/stock-market-news/why-is-stock-market-up-today-top-3-factors-behind-the-rally-in-sensex-nifty-today-11791172549641.html
- Author: Nishant Kumar
- Published: 2026-10-05T04:03:17+00:00
- Read time: 1 min
- Topics: sensex, nifty, nifty 50, banking stocks, it stocks, hdfc bank, accenture, oil prices, indian stock market, money, business
## Sensex and Nifty Rallied
The Sensex rose more than 600 points to an intraday high of 72,540, while the Nifty 50 climbed nearly 1% to 22,602.
## Broad-Based Market Gain
The BSE 150 Midcap and BSE 250 Smallcap indices also rose nearly 1% during the session.
## Market Capitalisation Jump
BSE-listed firms' market capitalisation jumped to nearly ₹ 470 lakh crore from ₹ 467 lakh crore in the previous session.
## Short Covering Boost
The market witnessed short covering after eight consecutive weeks of declines, marking the longest such streak in 25 years.
## Oil Prices Declined
Brent crude fell nearly 1% to $101 per barrel amid rising Middle East crude exports and Group of Seven oil stock releases.
## Banking and IT Sector Strength
Bank Nifty jumped 1.4% and Nifty IT index rose 1.56% as HDFC Bank's new CEO and Accenture's results boosted investor confidence.
## Investor Confidence Rising
Analysts noted the market is likely to rebound soon with attractive valuations and positive economic indicators despite ongoing headwinds.
## Key takeaway

Indian stock indices rose 1% due to short covering, falling oil prices, and strong banking/IT performance.