Sensex jumps over 2,000 points in 3 sessions— Why is stock market rising despite US-Iran war, elevated crude oil price?

The broader market strength, including mid and small-caps, suggests a healthy risk appetite. IT and Auto sectors are showing strength, indicating potential for continued upside.

• •Sensex rose nearly 700 points (nearly 1%) to an intraday high of 76,757.
• •Nifty 50 jumped over 200 points (1%) to a day's high of 23,787.
• •Mid and small-cap indices on the BSE rose by up to 2% during the session.
• •The market is rising despite concerns over US-Iran tensions and elevated crude oil prices.
• •Risk flag: Escalation of US-Iran conflict could lead to sharp corrections.