•Indian stock markets recorded gains for the third consecutive day, with Sensex surging 633.29 points to 76,704.13 and Nifty rising 196.65 points to 23,777.80.
•Strong buying in IT stocks, with the Nifty IT index climbing nearly 2.5 percent, played a crucial role in the market rally.
•Softening crude oil prices, with Brent crude falling to $101.9 per barrel, eased inflation concerns and provided market relief.
•Positive global cues, including gains in South Korea's KOSPI and Japan's Nikkei 225, supported the Indian market.
•Value buying by investors after a recent decline and a 5 percent drop in the India VIX index (indicating reduced volatility) also contributed to the surge.
