Share Market Update: Sensex Soars 2000 Points, Nifty Crosses 24,600 After India-Pakistan Ceasefire
After days of volatility due to rising tensions between India and Pakistan, the Indian stock market made a sharp comeback on Monday, following the announcement of a ceasefire between the two nations. Investor sentiment improved notably, leading to a significant rally in both benchmark indices.
Market Rebounds Strongly
On Monday morning, the Sensex surged 1,793.73 points to hit 81,248.20, while the Nifty climbed 553.25 points to reach 24,561.25 in early trade. By 9:53 AM, the Sensex had jumped over 2,000 points and the Nifty by 600 points, reflecting strong bullish momentum. Later, the rally intensified with the Sensex trading 1,949.62 points higher at 81,398.91 and the Nifty up 598.90 points at 24,606.90.
Condition of 30 Sensex stocks
Top gainers and top losers stocks of NSE
Previous Session Recap
On Friday, due to escalated geopolitical tensions, both indices had witnessed sharp declines. The Sensex fell 880.34 points (1.10%) to close at 79,454.47, while the Nifty dropped 265.80 points (1.10%) to settle at 24,008.
Market Drivers
The primary driver of Monday’s rally was the cessation of hostilities following the conclusion of Operation Sindoor. The ceasefire announcement helped ease investor anxiety, triggering a wave of buying across sectors.
Expert Take
Prashanth Tapase, Senior VP (Research) at Mehta Equities Ltd., noted, “The improvement in India-Pakistan relations gave a much-needed boost to market sentiment. However, any new violations of the ceasefire could derail this positive trend.” He also mentioned that global cues, including ongoing US-China trade discussions and upcoming domestic inflation data, will be key factors to watch ahead of the Reserve Bank of India’s policy meeting.
Sector Performance and Stock Movement
Top gainers on the Sensex included Adani Ports, Bajaj Finance, Axis Bank, Reliance Industries, Power Grid, and NTPC. On the other hand, Sun Pharma slipped over 5%, bucking the overall trend.
On the NSE, several large-cap stocks also contributed to the rally, helping lift broader market sentiment.
FII Activity
Despite the recovery, foreign institutional investors (FIIs) were net sellers on Friday, offloading shares worth ₹3,798.71 crore, after being net buyers for several sessions.
Global Market Overview
Asian markets showed mixed cues. South Korea’s Kospi, Shanghai’s SSE, and Hong Kong’s Hang Seng posted gains, while Japan’s Nikkei 225 was slightly down. US markets closed mixed on Friday.
