Sensex surges over 2,100 pts, Nifty above 24,650
Published on May 12, 2025
By IANS
- MUMBAI — Sensex and Nifty surged more than 2.7 per cent on Monday in the
morning trade after India and Pakistan announced a ceasefire following four
days of conflict.
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- At around 10.11 am, Sensex was trading 2,185 points or
2.75 per cent up at 81,640.01 while the Nifty climbed 672.80 point or 2.80 per
cent at 24,680.80.
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- According to analysts, India's markets and economy have
demonstrated remarkable resilience, consistently transcending external
perturbations and geo-political uncertainties.
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- This strength comes from a steady, domestically-oriented
economy, which helps protect against global troubles, showing that every crisis
eventually ends.
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- “A thawing of the relationship between India and Pakistan
is likely to trigger a massive rebound for benchmark Nifty in early Monday
trades, That said, any fresh violations of the ceasefire deal from Pakistan
could keep bullish sentiments fragile,” said Prashanth Tapse, Senior VP
(Research), Mehta Equities.
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- India's efforts to negotiate trade deals will strengthen
global business links and help it sell more worldwide, bringing in steady
foreign money and making it more competitive. Along with balanced global
relationships and strong partnerships, this creates a relatively stable investment
place, added Devarsh Vakil, Head of Prime Research at HDFC Securities.
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- Major indexes finished the last week narrowly mixed. The
trade deal announcement between US and UK and reports that U.S. and Chinese
officials meeting in Switzerland on the weekend for trade discussions, paved
the way for broader negotiations and tariff de-escalation, supported investor
sentiment, said experts.
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- Meanwhile, in the Sensex pack, Adani Ports, Bajaj
Finance, Axis Bank, Eternal, Power Grid, NTPC, Bajaj Finserv, Tata Steel,
L&T, SBI were the top gainers. Whereas, only Sun Pharma was the top loser.
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- In the Asian markets, China, Hong Kong and Seoul were
trading in green, whereas, Japan was trading in red.
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- In the last trading session on Friday, Dow Jones in the
US declined 0.29 per cent to close at 41,249.38. The S&P 500 declined
0.07 per cent to 5,659.91and the Nasdaq closed at 17,928.92 .
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- On the institutional front, foreign institutional
investors (FIIs), after being net buyers for sixteen consecutive sessions,
turned net sellers on May 9, offloading equities worth Rs 3,798.71 crore. In
contrast, domestic Institutional Investors (DIIs) remained net buyers,
investing Rs 7,277.74 crore on the same day.
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