India-Pak truce talks lift Nifty, Sensex 2%: reasons for market rally today

Quick Summary:

After four days of fighting that risked transforming into an all out war, India and Pakistan agreed to a full and immediate ceasefire.

Elsewhere, the hopes of Ukrainian President Volodymyr Zelenksyy's full and temporary ceasefire with Russia also boosted sentiments globally as war tensions are set to ease.

Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer said that “Substantial progress” was made in this weekend’s US and China talks in Geneva.

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Category: BusinessFinance

Markets: IndiaChinaHong KongJapanPakistanTurkeyUkraineUnited States

Topics: Stock market rally Why are nifty Sensex up today India pakistan war Operation sindoor US-China trade talks India pakistan tensions Markets Stock market today Stock market revival Stock market news

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-12 @ 10:05:57 (21 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 634 words

Reading Time: 4 minutes read

Sentences: 26 lines

Sentence Length: 25 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 28592658

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