Nifty 50 close to 26K, Sensex jumps 700 points. Why is the Indian stock market rising today?

The Indian stock market witnessed healthy buying interest in intraday trade on Monday, October 20, tracking positive global cues. Market benchmarks, the Sensex and the Nifty 50, rose to their new 52-week highs, rising for the fourth consecutive session.

The Sensex rose over 700 points, or nearly 1 per cent, to a new 52-week high of 84,656.56. The Nifty 50, too, gained by nearly a per cent to rise to the new 52-week high of 25,926.20.

(This is a developing story. Please check back for fresh updates.)

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