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Indian shares rose sharply on Monday despite heightened tensions between India and Pakistan, following the recent Pahalgam attack.<\/p>\n
Sentiment was underpinned as India’s Minister of State for Commerce, Jitin Prasada, confirmed continuous dialogue with the U.S. on a bilateral trade deal. <\/p>\n
U.S. Treasury Secretary Scott Bessent has said that India is likely to become the first nation to finalize a bilateral trade agreement with the U.S. \u2014 a development that would help New Delhi sidestep the 26 percent reciprocal tariffs that have been paused till July.<\/p>\n
The benchmark S&P\/BSE Sensex closed up 1,005.84 points, or 1.27 percent, at 80,218.37, after having hit a high of 80,321 earlier. <\/p>\n
The broader NSE Nifty index hit an intraday high of 24,355 before closing up 289.15 points, or 1.20 percent, at 24,328.50.<\/p>\n
The BSE mid-cap and small-cap indexes gained 1.3 percent and 0.4 percent, respectively. <\/p>\n
The market breadth was slightly weak on the BSE, with 2,014 shares declining while 1,981 shares advanced and 184 shares closed unchanged. <\/p>\n
Reliance Industries topped the gainers list to surge more than 5 percent after Q4 profit and revenue beat estimates. <\/p>\n
Larsen & Toubro, Tata Motors, Axis Bank, Mahindra & Mahindra, SBI, Tata Steel and Sun Pharma rallied 2-3 percent. <\/p>\n<\/p>\n<\/div>\n