Mumbai: The BSE Sensex rallied over 2231.52 points to 81,686 in morning trade on May 12, 2025, Monday. The NSE Nifty jumped 687.85 points to 24,695.85. The benchmark indices made a stunning comeback after India and Pakistan announced ceasefire and reached an understanding to stop all firings and military actions on land, air and sea. The foreign exchange market will remain closed on Monday on account of Buddha Pournima.

It has to be noted that after weeks of sustained buying for week, Foreign Institutional Investors (FIIs) offloaded equities worth Rs 3,798.71 crore on May 9.

To avenge Pahalgam terror attack, India launched ‘Operation Sindoor’ on early May 7 to strike and destroy nine terror infrastructures in Pakistan and Pakistan-Occupied-Kashmir.

After starting the trade on an optimistic note, the 30-share BSE benchmark gauge Sensex further jumped 1,793.73 points to 81,248.20 in early trade. The NSE Nifty surged 553.25 points to 24,561.25.

Later, carrying forward the momentum, the BSE benchmark traded 1,949.62 points higher at 81,398.91, and the Nifty quoted 598.90 points up at 24,606.90.

“A thawing of the relationship between India & Pakistan is likely to trigger a massive rebound for benchmark Nifty early Monday trades, but that said any fresh violations of the cease fire deal from Pakistan could keep bullish sentiments fragile. The constructive trade talks between the US and China may further bolster global sentiment, while key domestic inflation numbers to be released on Tuesday & Wednesday will be in focus ahead of next month’s credit policy,” Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd, said.

The gainers from the Sensex pack included: Reliance Industries, Power Grid, NTPC, Bajaj Finance, Axis Bank, Adani Ports, Eternal, and Bajaj Finserv.

Sun Pharma dropped over 5 per cent.

Asian markets: Hong Kong’s Hang Seng, South Korea’s Kospi, and Shanghai’s SSE Composite index traded in positive territory while Japan’s Nikkei 225 index traded on lower note. The US stock markets closed on a mixed note on Friday. The global oil benchmark Brent crude appreciated 0.52 per cent to USD 64.24 a barrel.

The BSE benchmark and broader Nifty declined over 1 per cent each on Friday as tensions soared between India and Pakistan.

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