Nifty 50 Gains Over 700 Points on May 12 Surpassed 24,700 Level

Indian equity markets kicked off the week on a strong note, buoyed by the positive sentiment stemming from the renewed ceasefire agreement between India and Pakistan. This geopolitical development acted as a major trigger for investor optimism, resulting in a robust gap-up opening.

Nifty 50 Soars Early

The Nifty 50 index opened sharply higher at 24,420 and quickly surged to an intraday high of 24,737 — a gain of over 700 points. However, despite favourable global cues, the momentum didn't sustain. The index came under pressure during the session, eventually closing lower.

Why Indian Stock Market Gaining Today?

While the ceasefire agreement was a key driver, market experts cited several additional factors contributing to the rally earlier in the day:

• Progress in US-China trade relations
• The finalised UK-EU trade deal
• Advancements in the India-UK Free Trade Agreement
• Strong AMFI data signalling robust retail investor participation
• Growing speculation around increased foreign institutional investor (FII) inflows

Also Read: Check Out the Impact on Different Sectors After India-UK FTA

Conclusion

Nifty 50 gained over 700 points in the intraday session by the combined developments such as the ceasefire agreement between India and Pakistan, finalised UK-EU trade deal and others, which injected a dose of optimism into the markets.

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