Market Cheers as Calm Returns: Rally Backed by Fundamentals and Foreign Flows

Markets surged with Nifty 50 jumping over 2.5% on May 12, as India-Pakistan tensions eased. Strong Q4 earnings, foreign investor inflows, and hopes of trade deals with the US and EU have boosted sentiment. With net profits up 12.4% QoQ and FIIs returning, the rally may have more legs.