Sensex jumps over 1,900 points as India-Pakistan tensions ease

Stock market benchmark indices Sensex and Nifty rebounded sharply in early trade on Monday after India and Pakistan announced reaching an understanding to stop all firings and military actions on land, air and sea.

After starting the trade on an optimistic note, the 30-share BSE benchmark gauge Sensex further jumped 1,793.73 points to 81,248.20 in early trade. The NSE Nifty surged 553.25 points to 24,561.25.

Later, carrying forward the momentum, the BSE benchmark traded 1,949.62 points higher at 81,398.91, and the Nifty quoted 598.90 points up at 24,606.90.

From the Sensex firms, Adani Ports, Eternal, Bajaj Finance, Axis Bank, Bajaj Finserv, Reliance Industries, Power Grid and NTPC were the major gainers.

Sun Pharma, however, tanked over 5 per cent.

In Asian markets, South Korea's Kospi, Shanghai's SSE Composite index and Hong Kong's Hang Seng were quoting higher while Japan's Nikkei 225 index traded marginally lower.