Markets soar nearly 4% as India-Pakistan ceasefire and progress in US-China trade talks fuel optimism; all sectoral indices close in the green.
Mumbai, May 12:
India’s benchmark indices posted their best single-day rally in four years on Monday, with the Sensex surging 2,975 points (3.74%) to close at 82,430 and the Nifty 50 soaring 916.70 points (3.82%) to settle at 24,924.70. The rally was driven by easing geopolitical tensions—notably the India-Pakistan ceasefire—and renewed optimism over US-China trade negotiations.
Also Read: US, China Seal Trade Pact to Slash Deficit Amid Warming Ties
The market capitalisation of all BSE-listed companies jumped by a whopping ₹16 lakh crore, reaching ₹432.47 lakh crore, up from ₹416.40 lakh crore on Friday.
Also Read: Gold Prices Dip As US-China Trade Talks Reduce Safe-Haven Demand
🔟 Key Highlights From Today’s Market Rally:
- Geopolitical Relief Boosts Sentiment:
Investor confidence was buoyed after India and Pakistan agreed to a ceasefire, easing border tensions that had gripped markets in recent weeks. - Global Trade Optimism:
Positive developments in the ongoing US-China trade dialogue further fueled global risk appetite, benefitting emerging markets like India. - Sensex and Nifty Clock 4% Gains:
Sensex hit an intraday high of 82,495.97, while the Nifty peaked at 24,944.80—just shy of its all-time high. - Massive Wealth Creation:
The surge added ₹16 lakh crore to investor wealth in a single session, reflecting across both large and small-cap stocks. - Broad-Based Participation:
The BSE Midcap index gained 3.85% and the Smallcap index rose 4.18%, signaling strong participation from retail and institutional investors alike. - Sectoral Rally:
All major sectors closed in the green, with IT, realty, and metal stocks leading the gains. - India VIX Drops Sharply:
The volatility index witnessed a steep decline, indicating reduced market fear and improved investor confidence. - Technical Breakout in Nifty:
According to Ajit Mishra, SVP at Religare Broking, Nifty’s breakout above 24,857 signals a continuation of the uptrend, with next targets seen near 25,200. - Support Levels Identified:
Technical charts suggest strong support for Nifty between 24,400–24,600, creating a cushion for future pullbacks. - Positive Domestic and Global Synergy:
The rally reflects converging tailwinds from global cues and domestic stability, making Indian equities an attractive bet for the near term.
Also Read: Trump Revives ‘Most Favoured Nation’ Drug Pricing Policy To Slash Costs By Up To 80%
Tags:
Sensex, Nifty 50, stock market rally, India Pakistan ceasefire, US China trade deal, Indian economy, BSE market cap, NSE, geopolitical tensions, market highlights, investor sentiment
