Why did the stock market rise today?

Indian stock market rallied on Tuesday, with Sensex jumping 1,225.07 points, while Nifty surging 370.05 points or 1.58%, to end the trading session at 23,810.85. The surge was primarily driven by declining oil prices and favourable sentiment around the long-term capital gains tax. Strong corporate earnings and buying by foreign investors also supported the market rally.