Sensex-Nifty
Sensex, Nifty open in green as India, Pakistan ceasefire holds
Sensex, the 30-share index of the Bombay Stock Exchange (BSE), jumped up 1955.16 points during early trading on Monday.
At 9.36 am, Sensex stood at 81,409.63 points.
Nifty moved up by 570.70 points to touch 24,578.70.
The market opened green during the opening trade, reflecting a positive reaction to the ceasefire deal reached between India and Pakistan following severe escalation in tension last week.
All the stocks were in the green, especially utilities, metals and BSE services rallied over 3 per percent, UNI reported.
The Indian news agency reported that the key gainers were Adani Ports by 4.87 pc to Rs 1370.80, Bajaj Finserv by 3.53 pc to Rs 2039.95, Bajaj Finance by 3.33 pc to Rs 8928, Powergrid by 3.22 pc to Rs 309.20 and Eternal by 3.22 pc to Rs 234.25.
Sun Pharma remained the sole loser.
The US, European and Asian markets also showed positive trends.
Expert Says
"A thawing of the relationship between India & Pakistan is likely to trigger a massive rebound for benchmark Nifty early Monday trades, but that said any fresh violation of the ceasefire deal from Pakistan could keep bullish sentiment fragile. The constructive trade talks between the US and China may further bolster global sentiment," PFB the pre-Prashanth Tapse, Senior VP (Research) at Mehta Equities Ltd told Business Today.
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