Ceasefire Fires Up Dalal St
Sensex, Nifty clock biggest intra-day surge of 3.9%; Latest positive developments ease geopolitical tensions, improving global risk appetite, lifting investor confidence
Ceasefire Fires Up Dalal St
Mumbai: Benchmark stock indices Sensex and Nifty recorded their biggest single-day gains in absolute terms on Monday, skyrocketing nearly four per cent, after India and Pakistan reached an understanding to stop military actions and US and China announced a deal to lower tariffs significantly. After opening on a high note, the 30-share BSE Sensex soared by 2,975.43 points or 3.74 per cent to settle at a more than seven-month high of 82,429.90. During the day, it rallied 3,041.5 points or 3.82 per cent to a high of 82,495.97.
The 50-issue Nifty of NSE skyrocketed 916.70 points or 3.82 per cent to close at 24,924.70. In intra-day trade, the barometer zoomed 936.8 points or 3.90 per cent to 24,944.80. Sensex and Nifty logged their biggest single-day gains in absolute terms on across the board buying led by IT, metal, realty and tech shares.
