Taking Stock: Best day in absolute terms as India-Pak ceasefire, US-China tariff cuts revive sentiment

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Leading stock market indices staged a record rally, clocking their best-day ever in absolute terms as well as their biggest gain since February 2021 in percentage terms, powered by an across-the-board risk-on trade fuelled by the truce between India and Pakistan, with the gains supported by the progress in US-China trade talks.Benchmark indices snapped a two-day losing streak to record their best day in four years in percentage terms. At close, the Sensex was up 2,975.43 points or 3.74 percent at 82,429.90, and the Nifty 50 was up 916.70 points or 3.82 percent at 24,924.70. The BSE Midcap index rose 3.8 percent and smallcap index added 4 percent.With today's gain, investors' wealth increased by more than Rs 16 lakh crore, and the market capitalization of BSE-listed companies jumped to Rs 432.55 lakh crore.This is also the highest closing level of 2025, taking benchmark indices to a seven-month high.The tariff reduction by US and China and forecast of early onset of monsoon in Kerala were both supportive cues, boosting investors sentiment.All the sectoral indices ended in the green with realty, power, IT, energy up 4-6 percent, while auto, bank, capital goods, FMCG, oil & gas, telecom, power, media up 2-3.8 percent.The biggest Nifty gainers included Infosys, Adani Enterprises, Shriram Finance, Trent, HCL Technologies, while losers were Sun Pharma and IndusInd Bank.Yes Bank shares gain 2.4 percent after Sumitomo Mitsui Banking Corporation (SMBC) said it will acquire 20% stake in the bank from multiple stakeholders. Reliance Power shares zoomed 11 percent on turning profitable in Q4 and winning 350 MW solar & 175 MW/700 MWh energy storage project. Apollo Pipes shares jumped 3 percent on robust Q4 earnings and Birla Corporation shares rose 20 percent after Q4 profit jumps 32 percent.Pharma stocks remained under pressure, opened lower after US President Trump announced plans to lower prescription drug prices, however, the Nifty Pharma index wiped off all the losses to end flat. Hotel, airline stocks zoomed after India and Pakistan on Saturday announced reaching an understanding to stop all firings and military actions on land, air and sea.More than 100 stocks on the BSE tested 52-week high including, ICICI Bank, Aster DM Healthcare, APL Apollo, Bharti Hexacom, Redington, Anupam Rasayan, SRF, UPL, Ceat, Solar Industries, Navin Fluorine among others. Click to Vi...

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