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Bumper gain in the market due to ceasefire between India and Pakistan; Sensex climbed 2975 points, Nifty crossed 24900
Share Market: On Monday, the Sensex closed at 82,429.90 points with a gain of 2,975.43 points or 3.74 percent, while the Nifty closed at 24,924.70 points with a gain of 916.70 points or 3.82 percent. Let us know the market situation in detail.
The Indian stock market benchmark indices surged on Monday following news of a ceasefire between India and Pakistan. The upsurge was also aided by the easing of the US-China trade war. The two nations have agreed to mutually suspend their announced bilateral tariffs and counter tariffs on each other's goods for the first 90 days. In the meantime, China will charge American products with a 10 percent duty, and the US will charge Chinese products with around 30 percent tax.
The Sensex on Monday closed at 82,429.90, a gain of 2,975.43 points or 3.74 per cent, and the Nifty also finished up at 24,924.70, a gain of 916.70
"The ceasefire between India and Pakistan has paved the way for a sharp rebound in the market," said VK Vijayakumar, chief investment strategist at Geojit Investment Ltd. "Domestic macros such as high GDP growth and revival of earnings growth in FY26 and declining inflation and interest rates bode well for the resumption of market rebound," Vijayakumar said.
