New Delhi, May 12 (H.S.) : After the announcement of a ceasefire between India and Pakistan, the domestic stock market experienced its most significant surge in the last four years. The Sensex soared over 3,000 points intra-day, while the Nifty rose by more than 900 points, marking this as the largest single-day rally for both indices in four years. The Sensex concluded with a 3.74% increase, and the Nifty finished with a rise of 3.82%. This day’s gains represent the second-largest percentage increase since 2021, following a previous high of 4.7% on February 1, 2021. The easing of border tensions between India and Pakistan has greatly enhanced investor sentiment, compounded by positive trade discussions between the US and China.
The trading day started robustly, with strong buying activity pushing the benchmark indices higher. Although there was a brief moment of selling pressure around noon, it was quickly followed by renewed buying, which further propelled the stock market’s upward momentum. By the end of the trading session, all sectoral indices on the BSE recorded gains. The IT index had its largest intra-day surge in five years, closing up by 6.70% or 2,402.45 points, while sectors such as Metal, Energy, and Realty also experienced consistent buying. The Banking and Automobile indices notably posted significant gains.
The broader market reflected similar trends, with the BSE mid-cap index rising by 3.85% and the small-cap index climbing 4.18%. Collectively, the market capitalization of BSE-listed companies grew to ₹432.57 lakh crore, up from ₹416.40 lakh crore just days prior. This increase resulted in investors earning approximately ₹16 lakh crore in a single day.
Throughout the day, 4,277 shares were actively traded on the BSE, with 3,545 closing on a positive note, while 576 saw declines, and 156 remained unchanged. Similarly, on the NSE, 2,653 shares were traded, with 2,414 ending higher. In the Sensex, 28 out of 30 shares gained, whereas 48 out of 50 shares in the Nifty also recorded increases. The BSE Sensex opened with a striking leap of 1,349.33 points, showcasing strong bullish sentiment despite intermittent selling attempts.
By session’s close, the Sensex had climbed to 82,429.90 points, gaining 2,975.43 points. The Nifty also started strong, reaching 24,924.70 points before closing with an increase of 916.70 points. Notably, major gainers included Infosys, Adani Enterprises, and HCL Technologies, while IndusInd Bank and Sun Pharmaceuticals featured among the day’s top losers.
Hindusthan Samachar / Jun Sarkar
