Indian Stock Market Soars Amidst India-Pakistan Ceasefire

The Indian stock market has seen a phenomenal surge following the announcement of a ceasefire between India and Pakistan. Over the past five trading days, both the BSE Sensex and NSE Nifty have experienced a 'tsunami-like' rise. On May 9th, the Sensex closed at 79,454.47 points, climbing to 82,330.59 by May 16th – a gain of 2,876 points. The Nifty also outperformed, increasing by 1,011 points over five days, reaching 25,019.80. This has translated into a 4.21% return for investors. The market cap has increased dramatically, adding 26.44 lakh crore rupees, pushing the overall market cap to 4,42,84,829.05 crore. Notably, India’s market performance far exceeded that of key global markets like the Dow Jones, Nasdaq, S&P 500, and other Asian markets.