Domestic equity indices Sensex and Nifty soared on Monday after India and Pakistan agreed to a ceasefire over the weekend, bringing relief after days of heightened geopolitical tensions marked by missile and drone attacks.
The positive sentiment drove 48 of the Nifty 50 stocks into the green, with 12 of the 13 major sectoral indices posting gains. Broader markets also rallied strongly, with small- and mid-cap indices climbing nearly 3% each.
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