Stock Market Today: After opening with a huge gap-up, the domestic benchmark indices escalated the gaining momentum in early trade, cheered by the ceasefire agreement between India and Pakistan. At around 9:31 am, the Sensex was trading at 81371.04, up 2.41% or 1,916.57 points. Nifty was 24,597.0, surging 589 points or 2.45%.

In the opening hour, all the shares in the Sensex basket except Sun Pharma were trading in positive territory. Adani Ports, Bajaj Finance, Axis Bank, and Reliance Industries were the top gainers among them.

Domestic equity indices, Sensex and Nifty, started intraday trading with a decent gap-up after India and Pakistan agreed to observe a ceasefire at the border, showing an ease in the ongoing geopolitical tension. Sensex, the 30-share benchmark of BSE, opened at 80803, soaring 1,349 Points, while Nifty50, the index of top 50 stocks on NSE, started trade at the level of 24,420, up 412 points against the previous day's closing value.

Gift Nifty Signals Gap-up Opening

GIFT Nifty was trading around the 24,550 level in the morning amid signs of easing of tensions between India and Pakistan after the ceasefire announcement and optimism about the US-China trade deal. This premium of about 485 points over the previous close of Nifty futures indicates a strong start with a bumper jump for the Indian stock market.

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After the terror attack in Pahalgam on April 22 escalated tensions between the two nations, India and Pakistan agreed to a ceasefire on May 10. A DGMO-level discussion with Pakistan is scheduled for Monday at noon, according to Lieutenant General Rajeev Ghai, Director General of Military Operations.

Global Cues

On Monday, Asian markets saw positive trading. The Topix index gained 0.19 per cent, and Japan's Nikkei 225 increased 0.36 per cent. The Kosdaq fell 0.24 per cent, but the Kospi index in South Korea increased 0.67 per cent. Futures for Hong Kong's Hang Seng index indicated a weak start.

Stock Indices Crashed On Friday Amid India-Pakistan Tension

Indian stock markets continued to decline on Friday as a result of growing tensions between Pakistan and India, which made investors wary. The Nifty 50 closed 265.80 points, or 1.10 per cent, lower at 24,008.00, while the Sensex closed 880.34 points, or 1.10 percent, lower at 79,454.47.