Following the spike in global markets and falling commodity prices, the domestic stock market rose for the third day in a row today. While the Sensex gained almost 600 points, the Nifty50 reached 15,900. According to market experts, global forces are now more essential than domestic reasons in propelling the stock market higher.

While the judgement is still out on whether this is a bear market or a correction in a long-term bull market, the following are the primary variables driving the Sensex and Nifty higher today: