The gap between the two has narrowed down to 25 points for Nifty50.The march on the Sensex was led by stocks of L&T, ICICI Bank, Vedanta, Hindalco , ITC, SBI, BHEL and HUL. Going by the buzz on Dalal Street, six factors are driving this leg of the market surge.Earnings have been one of the crucial factors driving the market. "An expectation of better-than-average monsoon is positively affecting sentiments," Motilal Oswal said.One of the biggest signs of the current market rally sustaining is the market's reaction to the staggering losses posted by public sector banks, including SBI. The 17 per cent rally in the stock has proved a blessing for the benchmarks.Global sentiment, especially those in the US, took a favourable turn towards a possible interest rate hike by the us Federal Reserve. The week saw some 868 companies reporting their March quarter numbers, which include biggies like L&T, SBI, BPCL and ONGC "The expected revival in corporate Earnings is playing a major role in the rebound in market sentiment.

Source: Economic Times May 27, 2016 03:58 UTC