Market Rally Reaches New Heights

Investor sentiment on Dalal Street soared to unprecedented levels on Monday, as the Sensex and Nifty recorded their largest single-day gains in points, following a ceasefire announcement between India and Pakistan. This remarkable rally not only elevated the Sensex to an over seven-month high but also enriched investors by a staggering Rs 16.2 lakh crore in market capitalisation.

Global Trade Deals Fuel Optimism

The initial surge was further bolstered by news of a US-China trade deal, calming investors' nerves and propelling the markets even higher. By the close of Monday's session, the Sensex stood at 82,430 points, up by 3.7%, while the Nifty climbed 3.8% to 24,925 points. India's market capitalisation touched Rs 432.6 lakh crore, briefly surpassing the $5-trillion mark once again.

Sector-Wide Gains and Selective Losses

Buying was widespread across sectors, with IT, real estate, and metal indices leading the charge. However, the healthcare sector faced setbacks after US announcements to cap medicine exports, affecting major Indian pharma exporters.

Looking Ahead

With the US markets also witnessing a strong rally, expectations are high for another steady day on Dalal Street. Meanwhile, the shift towards risky assets has seen gold and silver prices retreat in the domestic market.