Three factors contributed to Dalal Street's rise as the Sensex crossed the 80,000 mark

Dalal Street continued its strong rally on Wednesday, with both Sensex and Nifty rising sharply in early trade.

Market Update (as of 9:48 am):

• Sensex: Up 580 points at 80,175.78

• Nifty50: Up 169.50 points at 24,336.75

Why is the Market Rising?

1. IT Stocks Surge:
   Big gains in IT shares led the rally.

   • HCL Tech rose 7.12%

   • Tech Mahindra gained 4.36%

   • Infosys up 3.32%

   • TCS and M&M also climbed

2. Foreign Investors Return:
   Foreign portfolio investors (FPIs) are back in the market, attracted by:

   • A weaker US dollar

   • Attractive stock prices after recent corrections

   • India’s stable economy

3. Global Boost from US-China News:
   US President Trump said tariffs on Chinese goods could be reduced if a deal is made.
   This eased global trade tensions and lifted sentiment across global markets.

4. Positive Global Cues:
   US tech stocks saw strong gains overnight—Amazon, Nvidia, and Apple all rose, which boosted confidence in Indian tech stocks too.

Other Updates:

• While most stocks rose, a few like Bajaj Finance, Kotak Bank, HDFC Bank, ITC, and HUL were slightly down.

• Dr. VK Vijayakumar of Geojit Financial Services said political tensions nearby won’t impact India much.

• He warned the market might be overbought soon, so some profit booking is possible.

• He advised investors to focus on strong largecap stocks for now.

In short, IT strength, foreign inflows, and easing global worries are driving the rally.