Late rally: Sensex jumps 1,110 points, Nifty over 22,700: 5 factors behind market rise; these stocks rebound after UPI

Indian markets rebounded on Tuesday, with the Nifty 50 rising 1.60% to close above 22,700 and the Sensex gaining 1.54%. Technology stocks led the rally after HCL Technologies reported strong quarterly results. A stronger rupee, softer oil prices, and hopes of a review of the securities transaction tax also supported market sentiment.