Indian investors gained over ₹16 lakh crore in a single day after markets rallied sharply on Monday. The surge came as India and Pakistan reached an understanding for a ceasefire, lifting market sentiment to a four-year high.
The Sensex jumped 2,975.43 points, or 3.74 per cent, to close at 82,429.90. The Nifty rose 916.70 points, or 3.82 per cent, to end at 24,924.70.
This was the second-largest single-day gain in percentage terms since February 1, 2021.
Encouraging developments lifted global sentiment. The ceasefire understanding, a breakthrough in US-China trade talks, and reports of peace efforts between Russia and Ukraine eased geopolitical tensions.
As a result, risk appetite improved, driving the Indian market into a strong bull rally. All sectoral indices ended in the green, marking a broad-based recovery.
Despite early losses, the Nifty Pharma index reversed its trend. It closed 0.15 per cent higher, shaking off worries after US President Donald Trump’s comments on drug pricing.
The biggest gainers were the Nifty IT and Realty indices, which rose 6 per cent and 7 per cent, respectively.
Midcap and smallcap stocks also saw strong interest, each gaining 4.1 per cent.
The BSE’s total market capitalisation rose to ₹432.47 lakh crore from ₹416.52 lakh crore in the previous session – a ₹16 lakh crore jump in one trading day.
Ajit Mishra, SVP at Religare Broking Ltd, said global and domestic cues triggered the rally. “IT, realty, and metals led the gains, and the broader markets echoed this strength,” he said.
Volatility dropped sharply, reflecting improved investor confidence. The India VIX fell as tensions eased.
Technically, the Nifty confirmed a breakout from its three-week consolidation phase.
It crossed its previous swing high of 24,857 and now looks poised to move towards 25,200. Support is expected between 24,400 and 24,600, analysts said.
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