Domestic equity indices Sensex and Nifty soared on Monday after India and Pakistan agreed to a ceasefire over the weekend, bringing relief after days of heightened geopolitical tensions marked by missile and drone attacks.
Nifty50 and BSE Sensex, the Indian equity benchmark indices, rallied strongly in trade on India-Pakistan ceasefire and US-China trade deal progress. Both indices rallied over 3.5% cheered by domestic stability and favourable global news.While Nifty50 went above 24,900, BSE Sensex crossed 82,400 mark. At 3:21 PM, Nifty50 was trading at 24,932.70, up 925 points or 3.85%. BSE Sensex was at 82,432.13, up 2,978 points or 3.75%.VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited says, “The ceasefire between India and Pakistan has paved the way for a sharp rally in the market. The prime mover of the rally will be the FII buying which has been sustained for sixteen continuous days except last Friday when the conflict escalated. Domestic macros like expectations of high GDP growth and revival of earnings growth in FY26 and declining inflation and interest rates augur well for the resumption of a rally in the market.FIIs favour large caps like ICICI Bank, HDFC Bank, Bajaj Finance, RIL, L&T, Bharti, Ultratech, M&M and Eicher are likely to lead the rally. Midcap IT and digital stocks are other segments to watch. Pharma stocks may come under near-term pressure from President Trump’s latest announcement regarding reducing prices of drugs in the US.”
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