Markets soar after ceasefire, post highest single-day gains in 4 years
The markets witnessed an unprecedented rally on Monday, with benchmark indices recording their biggest single-day gains in nearly four years, driven by a cessation of hostilities between Indian and Pakistan and US-China agreeing to a temporary rollback of trade tariffs for a 90-day period.
The Sensex surged 2,975.43 points (3.74 per cent) to close at 82,429.90, while the Nifty 50 jumped 916.70 points (3.82 per cent) to end at 24,924.70, logging the biggest single day gain since February 1, 2021.