Why is market rising today? Sensex surges 800 points: 4 reasons why D-Street is defying the global rout

The Indian stock market ended sharply higher on Friday, with the Sensex and Nifty rising more than 1% to finish the week on a strong note. Robust Q1 earnings, heavy buying in IT stocks and supportive domestic cues lifted investor sentiment despite a sharp sell-off in global markets.The Sensex surged 965 points to close at 78,151, while the Nifty 50 climbed 262 points to settle at 24,334. The rally was largely driven by heavyweight stocks, even as the broader market remained under pressure, with the Nifty Midcap 100 and Nifty Smallcap 100 indices slipping up to 0.4%.Tech Mahindra, Kotak Mahindra Bank, TCS, Reliance Industries, ICICI Bank, Hindustan Unilever, M&M, Axis Bank, Bajaj Finance, HDFC Bank and Infosys gained up to 4% to lead the Sensex rally.