Sensex jumps 600 points, Nifty 50 ends above 24,150; investors earn ₹3 lakh crore. What drove the market higher?

The Sensex ended at 77,502.12, rising 579 points, or 0.75%, while the Nifty 50 rose by 170 points, or 0.71%, to end at 24,175.70. The Nifty Midcap 100 index rose by 0.48%, while the Smallcap 100 index jumped 1.25%.