MUMBAI, May 12 — Indian equity markets surged on Monday morning after India and Pakistan announced an agreement to cease all military actions across land, air, and sea, triggering a wave of optimism among investors.
The benchmark BSE Sensex rebounded with a sharp jump of 1,793.73 points in early trade, touching 81,248.20. The NSE Nifty followed suit, soaring 553.25 points to 24,561.25.
As trading progressed, both indices extended their gains. The Sensex rose further by 1,949.62 points to trade at 81,398.91, while the Nifty climbed 598.90 points, reaching 24,606.90.
“This sharp recovery reflects immediate investor confidence following the ceasefire announcement,” said a market analyst at a leading brokerage firm. “Reduced geopolitical risk tends to unlock pent-up buying, particularly in core sectors.”
Among the top performers on the Sensex were Adani Ports, Eternal, Bajaj Finance, Axis Bank, Bajaj Finserv, Reliance Industries, Power Grid, and NTPC.
Sun Pharma, however, emerged as the biggest laggard, sliding over 5 percent during the session.
The positive trend in India aligned with gains in broader Asian markets. South Korea’s Kospi, China’s Shanghai Composite, and Hong Kong’s Hang Seng all traded higher. Japan’s Nikkei 225 index, however, posted marginal losses.
Market experts noted that while the ceasefire decision boosted investor confidence, sustained market stability would depend on the geopolitical follow-through and broader economic indicators.
