In a dramatic turnaround, the Indian stock market witnessed a spectacular rally on Monday. The Sensex skyrocketed 2,376 points to hit 81,830.65, while the Nifty surged 729 points, coming within striking distance of the 25,000 mark, at the time of writing. This sharp rally was triggered by a crucial geopolitical development — a ceasefire agreement between India and Pakistan.
Following a tense weekend after India’s Operation Sindoor, launched in response to the Pahalgam terror attack, both countries agreed on Saturday to halt all hostilities across land, air and sea, effective from 5 PM that day. The Indian Army confirmed that Sunday night remained largely peaceful across the LoC and international borders.
FII Buying Resumes Amid Global Relief
Apart from domestic developments, the market also cheered a major breakthrough in global trade tensions. The United States and China concluded two days of high-stakes talks in Geneva, with U.S. officials stating that "substantial progress" was made. A joint statement is expected soon.
The combination of easing geopolitical stress and improved global trade sentiment has lit a fire under investor confidence. Foreign Institutional Investors (FIIs), who had been net buyers for 16 consecutive sessions prior to last Friday, resumed their aggressive buying spree on Monday.
Investor Wealth Swells by ₹13.13 Lakh Crore
The broad-based rally added a staggering ₹13.13 lakh crore to investor wealth in just a few hours. The total market capitalisation of BSE-listed companies now stands at ₹4,29,54,415.37 crore ($5.02 trillion).
Adani Ports, ICICI Bank Among Top Gainers
Major gainers from the Sensex pack included Adani Ports, Axis Bank, NTPC, ICICI Bank, HDFC Bank, Infosys, HCL Tech, and Bajaj Finance. Analysts believe this rally could sustain if the ceasefire holds and the US-China deal materializes with favorable terms.
