The Indian stock market saw healthy gains for the second straight session on Monday, December 22, on the rupee’s rise against the US dollar and positive global cues on expectations of further rate cuts by the US Federal Reserve in January. The Sensex jumped over 500 points to an intraday high of 85,461.19, while the Nifty 50 reclaimed 26,140 on Monday. Thus, in two sessions, the pack of 30 stocks gained almost 1,000 points. Not only the front-line indices, but the second-run mid-cap and small-cap indices also posted healthy gains of up to 1% on Monday. The overall market capitalization of BSE-listed firms rose to nearly ₹475 lakh crore on Thursday from ₹466 lakh crore, making investors richer by nearly ₹9 lakh crore in just two sessions. Why is the Indian stock market rising? Let’s look at the five key factors behind the rise in the Indian stock market: 1. Rupee’s recovery below the 90 level The Indian rupee rose 22 paise to 89.45 against the US dollar in early trade on Monday, supported by foreign fund inflows. RBI is also said to have aggressively sold dollars to support the domestic currency. (This is a developing story. Please check back for new updates.)