Indian benchmark indices Sensex and Nifty50 opened sharply higher on Monday after a weekend announcement of a temporary "pause" in hostilities with Pakistan. However, the relief may be short-lived if border tensions escalate again.
At 9:33 am, the BSE Sensex was up 1,954 points, or 2.46%, at 81,408, while the Nifty50 rose 608 points, or 2.53%, to 24,616 points.
The ceasefire between India and Pakistan held on Saturday, after intense overnight fighting between the nuclear-armed neighbours.
The conflict, the most serious in nearly three decades, began on Wednesday when India launched strikes on nine terror sites in Pakistan—retaliating for an earlier attack in Kashmir that killed 26 people.
However, Indian military officials reportedly sent a "hotline message" to Pakistan on Sunday, flagging ceasefire violations and warning of a potential response if provocations continued.
From the Sensex pack, Adani Ports, Axis Bank, L&T, Bajaj Finserv, Bajaj Finance, and NTPC were among the top gainers, rising 3–4% in early trade, while Sun Pharma was the only stock in the red, falling over 6%.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
At 9:33 am, the BSE Sensex was up 1,954 points, or 2.46%, at 81,408, while the Nifty50 rose 608 points, or 2.53%, to 24,616 points.
The ceasefire between India and Pakistan held on Saturday, after intense overnight fighting between the nuclear-armed neighbours.
The conflict, the most serious in nearly three decades, began on Wednesday when India launched strikes on nine terror sites in Pakistan—retaliating for an earlier attack in Kashmir that killed 26 people.
However, Indian military officials reportedly sent a "hotline message" to Pakistan on Sunday, flagging ceasefire violations and warning of a potential response if provocations continued.
From the Sensex pack, Adani Ports, Axis Bank, L&T, Bajaj Finserv, Bajaj Finance, and NTPC were among the top gainers, rising 3–4% in early trade, while Sun Pharma was the only stock in the red, falling over 6%.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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