Sensex Soars 2,300 Points, Nifty Tops 24,700 as India-Pakistan Ceasefire Lifts Market Sentiment

Indian stock markets surged on Monday after a temporary ceasefire was announced between India and Pakistan, calming investor nerves. The Sensex rallied 2.53%, driven by strong gains in Adani Ports and Axis Bank. Adani Power and Reliance Power also posted significant gains, while pharma stocks declined following U.S. President Trump's announcement of drug price cuts. Despite the upbeat mood, concerns persist over possible ceasefire violations, which could derail the rally. The overall market capitalisation saw a substantial boost as benchmark indices Sensex and Nifty50 jumped sharply. However, analysts caution the relief may be short-lived if border tensions resume.