The domestic benchmark index Nifty 50 and the Sensex are expected to rise strongly on Monday, 12 May. Investors are excited after the firing between India and Pakistan has stopped from across the border. Some time ago this morning, the gift Nifty was trading about 400 points to 24,538.5, which is about two percent. India and Pakistan agreed to the Pakistan ceasefire on May 10 after the increasing tension between these neighboring countries due to the terrorist attack on 22 April in Pahalgam. Apart from this, Director General Military Operations Lieutenant General Rajiv Ghai said that DGMO level talks with Pakistan will be held at 12 noon on Monday.
However, despite the increasing tension of the two countries, market experts say that despite a sharp increase in tension between India and Pakistan, the basic perception of the domestic market has not been affected. Vinod Nair, research head of Geojit Investments, said, “Investors have increased the confidence of the foreign institutional investments and record GST collection in April. This is a sign of strength inherent in the market.”
Meanwhile, American Treasury Secretary Scott Besant and Trade Representative Zamison Greer said on Sunday that they had reached very close to an agreement with China that aims to reduce the US trade deficit. Although he spoke of “adequate progress” in high level talks in Geneva, the special conditions of the deal were not disclosed.
