May 12, 2025 03:52 pm IST
BSE Sensex and Nifty 50 received about 3.8% to close at 82,429.90 and 24,924.70 respectively.
India’s benchmark on Monday made a jump of about 4% to log in its best session in about a year, when after reaching the country and organized a ceasefire with Pakistan over the weekend, clashes from the worst border in nearly three decades.
BSE Sensex and Nifty 50 received about 3.8% to close at 82,429.90 and 24,924.70 respectively.
Pakistan’s Stock Exchange on Monday stopped trading for an hour, after the benchmark KSE -100 shares jumped 8.84% in the initial trade. It was up to 9.4%.
Analysts said that reducing hostility allows to pay attention to growth and trade in the fifth largest economy in the world, analysts said that conflict would have no physical impact on India’s economy.
Barclaylage said in a note, “Adherence to the ceasefire by both countries, we keep all our macro forecasts unchanged.”
Geojit Investments Limited, Chief Investment Strategist, VK Vijaykumar said, “The ceasefire between India and Pakistan has paved the way for a sharp rally in the market. The major proposer of the rally will have to buy FII, which has been continuously for 16 consecutive days when the struggle has increased when the struggle has increased.”
India started ‘Operation Sindoor’ to destroy nine terrorist infrastructure in Pakistan in early 7 May and in retaliation for the Pahgam terror attack to Pakistan-occupied-Kashmir.
After this, the two countries started an attack on each other’s military infrastructure.
India and Pakistan announced to reach an understanding to prevent all firing and military functions on land, air and sea with impact from 5 pm on Saturday.
