Boosting Indian equities, the markets opened for the first time since India and Pakistan announced a ceasefire after weeks of tensions in the aftermath of the Pahalgam terror attack.

Sensex, the 30-share index of the Bombay Stock Exchange (BSE), opened 1,500 points, or 2%, higher, indicating a strong demand despite underlying concerns in the thawed relations of the two nuclear-armed neighbours.

The gains also come after the US announced a deal with China to meet their trade deficit. The announcement added gains to Asian markets and boosted the dollar.

The markets stayed resilient and experienced only limited losses.