Stock markets log biggest single-day rise after suspension of India-Pak hostilities
Benchmark stock indices Sensex and Nifty recorded their biggest single-day gains in absolute terms on Monday (May 12, 2025), skyrocketing nearly 4%, after India and Pakistan reached an understanding to stop military actions and U.S. and China announced a deal to lower tariffs significantly.
After opening on a high note, the 30-share BSE Sensex soared by 2,975.43 points or 3.74% to settle at a more than seven-month high of 82,429.90. During the day, it rallied 3,041.5 points or 3.82% to a high of 82,495.97.
The 50-issue Nifty of NSE skyrocketed 916.70 points or 3.82% to close at 24,924.70. In intra-day trade, the barometer zoomed 936.8 points or 3.90% to 24,944.80.
Sensex and Nifty logged their biggest single-day gains in absolute terms on across the board buying led by IT, metal, realty and tech shares. Sensex had previously posted its biggest single-day gain of 2,507.45 points and Nifty by 733.20 points on June 3, 2024.
Stock markets welcomed the understanding reached between India and Pakistan on Saturday (May 10, 2025) to stop all firings and military actions on land, air and sea.
India launched 'Operation Sindoor' on early May 7 to destroy nine terror infrastructures in Pakistan and Pakistan-Occupied-Kashmir in retaliation to the Pahalgam terror attack.
'Confluence of positive geopolitical and economic developments – the ceasefire between India and Pakistan, coupled with a breakthrough trade agreement between the U.S. and China – sparked the strongest daily market rally in recent times,' Vinod Nair, Head of Research, Geojit Investments Limited, said.
'Sustained FII inflows, along with a resurgence in retail participation fuelled by expectations of a swift improvement in business sentiment, propelled today's upside,' he added.
'Adding to the positive sentiment were encouraging updates on the U.S.-China trade deal, which further boosted investor confidence as the session progressed,' Ajit Mishra – SVP, Research, Religare Broking Ltd. said.
U.S. and China on Sunday (May 11, 2025) announced suspension of high tariffs for 90 days. After their talks in Geneva, the U.S. agreed to cut tariffs on Chinese goods to 30% from 145% while China announced to lower its tariffs on U.S. goods to 10% from 125%.
From the Sensex firms, Infosys jumped 7.91%. HCL Tech, Tata Steel, Eternal, Tech Mahindra, Tata Consultancy Services, Axis Bank, ICICI Bank, NTPC, Reliance Industries and Bajaj Finance were the other major gainers.
Sun Pharma and IndusInd Bank were the only laggards from the pack. The broader markets also mirrored this strength, with Midcap and Smallcap advancing close to 4%.
Meanwhile, Pakistan's benchmark KSE-100 index jumped more than 9% earlier in the day.
In Asian markets, South Korea's Kospi, Japan's Nikkei 225 index, Shanghai's SSE Composite index and Hong Kong's Hang Seng settled higher.
Markets in Europe were trading in positive territory.
U.S. markets ended on a mixed note on Friday (May 9, 2025).
'Markets were on a roll and turned buoyant after the news of a ceasefire between India and Pakistan... Investors turned risk-on with safe-haven gold taking a beating while equities turned out to be clear winners on the back of broad-based buying support. With talks on global tariff seen on a smooth path, equities could gain traction going ahead,' Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd, said.
Global oil benchmark Brent crude jumped 2.88% to $65.75 a barrel.
Foreign Institutional Investors (FIIs) offloaded equities worth ₹3,798.71 crore on Friday (May 9, 2025), after remaining net buyers for many days, according to exchange data.
Stock market benchmark indices tumbled over 1% each on Friday (May 9, 2025) after conflict between India and Pakistan intensified. On Friday (May 9, 2025), the 30-share BSE benchmark gauge tanked 880.34 points or 1.10% to settle at 79,454.47. The Nifty dropped 265.80 points or 1.10% to 24,008.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
43 minutes ago
- Time of India
Lt General Rajiv Ghai, Air Marshal Bharti take over as deputy chiefs
NEW DELHI: Army's director-general of military operations Lt General Rajiv Ghai and IAF's director-general of air operations Air Marshal A K Bharti, both of whom conducted media briefings of Operation Sindoor , have been promoted as deputy chiefs of their services. While the IAF has only one Deputy Chief of Air Staff, who is tasked with modernisation of the service, Lt Gen Ghai is the new deputy chief of Army Staff (Strategy), a post that was created in 2020 to synergise military operations, military intelligence, operational logistics, perspective planning and information warfare. The Army has two other DCOAS posts - one handling capability development and sustenance, and the other, in charge of information systems and coordination.
Time of India
2 hours ago
- Time of India
Army to get new air defence boost with Rs 30,000 crore QR-SAM deal
NEW DELHI: The defence ministry will soon take up the case for a preliminary nod to a Rs 30,000 crore proposal to procure three regiments of the new indigenous quick reaction surface to air missile (QR-SAM) systems for the Army. Tired of too many ads? go ad free now The Rajnath Singh-led defence acquisitions council will consider granting acceptance of necessity (AoN) for the highly-mobile QR-SAM systems, which are designed to intercept hostile fighters, helicopters and drones at a range up to 25-30 km, later this month. The move comes soon after India's existing multi-layered air defence network played a crucial role in thwarting multiple waves of Turkish-origin drones and Chinese missiles launched by Pakistan during Operation Sindoor - the May 7-10 hostilities. The and the Army have over the last three-four years tested the QR-SAM systems against high-speed aerial targets mimicking various types of threats to evaluate their capability under different day and night operational scenarios. Defence PSUs Bharat Electronics and Bharat Dynamics will co-produce the QR-SAM systems. "The QR-SAM systems can operate on the move with search and track capability and fire at short halts. They are tailor-made to move along with tanks and infantry combat vehicles to provide them air defence in the tactical battlefield," an official said. The Army Air Defence (AAD), which performed exceedingly well during Operation Sindoor, in fact, requires 11 regiments of the QR-SAM, even as it progressively also inducts regiments of the indigenous Akash system, which has an interception range of about 25-km at present. Tired of too many ads? go ad free now The induction of the QR-SAM systems will add to the existing air defence network of the IAF and the Army, which ranges from the long-range Russian S-400 'Triumf' surface-to-air missile systems (380 km interception range) and Barak-8 medium range SAM systems (70 km), jointly developed with Israel, to the Russian shoulder-fired Igla-S missiles (6 km), the upgraded L-70 anti-aircraft guns (3.5 km) and the indigenous integrated drone detection and interdiction systems (1km-2 km). While the DRDO is also readying the very short-range air defence missile systems (VSHORADS), which have a 6 km interception range, the real game-changer will be an air defence system with a 350 km range being developed under the ambitious Project Kusha. India plans to operationally deploy this long-range system by 2028-2029, with the defence ministry in Sept 2023 approving the AoN for procurement of five of its squadrons for the IAF at a cost of Rs 21,700 crore, as was first reported by TOI. Also read:
&w=3840&q=100)
Business Standard
4 hours ago
- Business Standard
India saw rapid changes across sectors in 11 years: PM Narendra Modi
Prime Minister (PM) Narendra Modi-led National Democratic Alliance (NDA) government marked the completion of 11 years in office on Monday by unveiling a 176-page 'comprehensive compendium' on India's transformation under the PM's 'visionary leadership' across 14 facets of policymaking — ranging from national security and foreign policy to infrastructure growth, healthcare, women's empowerment, and social justice. 'PM Modi has brought the politics of development — Vikasvaad — into the mainstream, making it a focal point around which political discourse and policy action now revolve,' detailed the booklet, released on Monday morning by the government's Press Information Bureau (PIB). The Modi-led 72-member Union Council of Ministers had taken the oath of office on June 9, 2024. In the afternoon, addressing a press conference at the Bharatiya Janata Party's (BJP's) national headquarters here, the party's National President J P Nadda, who is also a Union minister, said that proactive governance has been the hallmark of Modi's tenure as the country's PM. He said Modi has confronted challenges head-on and taken 'bold decisions' once thought impossible, such as the 'abrogation of Article 370', the 2016 surgical strike, the Balakot air strike, and Operation Sindoor of 2025. Nadda listed the banning of triple talaq, the Citizenship Amendment Act, demonetisation, one-third reservation for women in the Lok Sabha (LS) and legislative Assemblies, ending the distinction between plan and non-plan expenditure, advancing the Union Budget presentation from the 'colonial-era' February 28 to February 1, and merging the railway Budget with the Union Budget as other key decisions over the past 11 years. Nadda said demonetisation — where people queued up to withdraw money without complaining despite the Opposition's intense efforts to provoke them — was evidence of the credibility of the PM's leadership. Referring to the BJP falling short of the majority mark by 32 seats in the 2024 LS polls and, for the first time since 2014, having to rely on allies to secure a majority — with Opposition leaders raising questions about the government's longevity — Nadda expressed confidence that the NDA government will complete its tenure and asserted it will last the next full term as well. 'Our government is strong. It will last for five years in this term and the next too,' he said. The booklet said, 'The success of Operation Sindoor demonstrated a new India: resolute, swift, and sovereign in action.' It added that a dynamic foreign and national security policy is essential to respond to today's global opportunities and challenges. 'The Modi government has consistently delivered on this front, ensuring a stable, strong, and safe nation,' it said. The booklet highlighted vibrant India-US relations as a foreign policy success, terming it 'Modi's adaptive strategy with the US'. It said India has emerged as an economic powerhouse, with the government creating a base for 'growthade' through infrastructure expansion, such as the development of national highways. The government also said it has championed cooperative federalism by incentivising states to undertake reforms voluntarily. It mentioned the all-time high goods and services tax collections in April 2025. It also detailed measures for the welfare of Scheduled Castes (SCs), Scheduled Tribes (STs), Other Backward Classes (OBCs), and women through schemes such as the Pradhan Mantri MUDRA Yojana and Pradhan Mantri Gramin Awas Yojana, adding that 810 million people continue to receive food security. 'There is highest ever representation for the SCs, STs, and OBCs in the Union Council of Ministers,' it said. The government claimed that welfare measures, such as Mission Poshan, have helped improve the sex ratio at birth, which, for the first time, stands at 1,020 women per 1,000 men. At his press conference, Nadda said the Indian economy continues to grow despite global challenges and that international bodies like the World Bank and the International Monetary Fund have called it a bright spot. He said over 250 million people have been lifted out of poverty — a figure acknowledged globally. Nadda dismissed Congress General Secretary Jairam Ramesh's jibe at Modi for not addressing a press conference on the government's anniversary. The Union minister questioned what was wrong with the president of the main ruling party speaking to the media. He also criticised Leader of Opposition in the Lok Sabha Rahul Gandhi's remarks about the Election Commission of India and the fairness of the Maharashtra Assembly polls, likening him to a sore loser in a cricket match who blames the umpire for a loss while claiming credit in case of a win. The Congress on Monday released two booklets that flagged stagnating growth, rising hunger, and 'unfulfilled promises' over the 11 years of the Modi government. At a press conference in the national capital, Congress Research Department Head M V Rajeev Gowda released Ek Aur Baar Jumla Sarkar and 11 Saal Jhoothe Vikaas Ke Vaade. He said the first booklet examines promises made by the BJP in its 2024 manifesto, while the second is a 'detailed exposé' of the BJP's 'hollow promises'. 'In the 11-Saal document, one of the first themes they (BJP) highlight is taking care of the poor and the marginalised. They are very happy that 810 million people are getting free foodgrain under the Pradhan Mantri Garib Kalyan Anna Yojana. But the basic problem of hunger is a much larger crisis in India, and it puts us at 105 out of 127 countries in the World Hunger Index. Its implications: malnutrition is affecting our children in a horrible way, crippling their growth. Stunting is at 35.5 per cent; wasting is at 19.3 per cent; underweight is at 32.1 per cent,' Gowda said. He also alleged that the Centre's claim in the PIB booklet that India added over 5,000 defence items to the indigenisation list was untrue. 'Sadly, 40 per cent of the items listed for indigenisation have not been indigenised as of now. India remains one of the top importers of defence rather than a producer and exporter. If you look at 'mission mode DRDO projects,' 23 out of 55 have been delayed, and the share of research and development in our defence budget is only 5.45 per cent,' he said. He further challenged the claim that India is the fastest-growing large economy. 'So, what is happening in this 11th year of your Sarkar, PM Modi? What is happening is reflected in the response of the private sector. Is the Indian private sector investing in India? If you look at the investment figures, after you have given the bonanza tax cut, nothing has changed. They still don't have confidence in the management of your economy to invest,' Gowda said. He added that fixed capital formation has declined to 32.4 per cent — an 11-year low. 'There is another legacy: the glaring inequality. The share of wealth held by India's top 1 per cent is 40 per cent. The bottom 50 per cent have to make do with just over 3 per cent,' the former Congress Member of Parliament said, adding that this is not the economy the country wants.
