Sensex up over 800 points in two sessions: Here's what's driving the rally

After months of consolidation, the domestic equity market seems to have gotten its mojo back as it has witnessed strong rally in the last two sessions. The S&P BSE Sensex has climbed 847 points or 2.3 per cent in the intra-day trade till Tuesday from March 8 closing level. The Nifty50 index has gained 269 points or 2.44 per cent.

The rally is broad-based as buying has emerged across all the sectors. The Nifty Bank index on Tuesday surpassed its all-time closing high of 28,320 hit on August 9, 2018 to hit a high of 28,363.80 in the intra-day trade.