Why is market rising today? Sensex surges 750 points, Nifty above 23,300. 4 key factors powering the rally

Indian stock markets surged on Friday, with Sensex and Nifty gaining over 1%, driven by optimism surrounding a potential US-Iran peace deal and easing crude oil prices. Hopes of the Strait of Hormuz reopening boosted investor confidence, leading to broad-based gains across sectors and a significant increase in market capitalization.