Stock market today: Buoyed by the India-Pakistan ceasefire, the key benchmark indices of the Indian stock market had a big gap-up opening on Monday. The Nifty 50 index opened upside at 24,420 and touched an intraday high of 24,590 within a few minutes, recording an intraday gain of 582 points. The BSE Sensex opened at 80,803 and touched an intraday high of 81,350. While climbing to this intraday high, the 30-stock index logged an intraday gain of nearly 1900 points within a few minutes of the Opening Bell. The Bank Nifty index opened at 54,658 and regained 51K peak by hitting an intraday high of 55,112.
Why is the Indian stock market skyrocketing today?
According to stock market experts, the primary reason for the Indian stock market rally is the India-Pakistan ceasefire. However, they said the US-China trade deal, India-UK trade deal, and buzz for FIIS’ buying are some other important reasons that have together fueled Dalal Street indices on Monday.
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