Why did market rise today? Sensex rallies 628 points, Nifty closes above 23,230. 5 key factors behind market rebound

The Indian stock market rebounded on Thursday, with the Sensex and Nifty closing sharply higher, snapping a seven-day losing streak as falling US bond yields, short-covering and other factors boosted market sentiment.Sensex jumped over 628 points to close at around 77,538, while Nifty 50 gained around 154 points to end the session at 24,232. Broader markets also moved into the deep green, with Nifty Midcap 100 and Nifty Smallcap 100 gaining up to 0.7%.Eternal, Kotak Mahindra Bank and ITC shares jumped around 2% each to lead gains on Sensex, while Bajaj Finance, Axis Bank, UltraTech Cement, Infosys, Power Grid, L&T and Hindustan Unilever shares rose over 1% each. Bucking the trend, Tata Steel, IndiGo, HCL Tech and Titan shares closed in the red with marginal losses.Among the sectors, Nifty Realty jumped over 1%, while Nifty PSU Bank slipped into the red.