Why did the Indian stock market rise today?

After a sharp selloff in the previous session, Indian markets rebounded on Tuesday, with Nifty 50 reclaiming the 22,500 mark and Sensex rising over 1,000 points. IT stocks led gains, with Nifty IT rising over 3%. Falling crude prices eased economic concerns, while IMF raised India's 2026-27 growth forecast to 7%. NPCI's deferral of UPI MDR also supported investor sentiment.