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Market rallies 4% on ceasefire, US-China deal
The Morning Standard
|May 13, 2025
Gold prices fall more than 3% on Monday as global trade uncertainties subside
DOMESTIC equity market witnessed one of its biggest rallies on Monday, with the benchmark indices - BSE Sensex and NSE Nifty - logging their biggest intraday gains in the last four years amid improved investor sentiment.
The rally was primarily fuelled by easing geopolitical tensions between India and Pakistan as the nations announced a ceasefire to avoid further escalation. Further, the US and China coming to a trade deal provided a big boost as it eased global trade tensions. BSE Sensex skyrocketed 2,975 points or 3.74% to settle at 82,430, and the Nifty50 surged as much as 917 points or 3.81% to close the session at 24,925. This was the highest one-session percentage gain for the benchmarks since 1st Feb 2021.
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