HIGHLIGHTS

• US, China Agree To Drastically Roll Back Tariffs In Geneva Trade Deal
• Metal stocks surge over 8% after US-China tariff truce
• Bajaj Electricals shares rise 18% after profit nearly doubles 
• KEC International gain over 4% as it wins orders worth ₹10.34 million
• LTIMindtree jumps nearly 8% after winning largest-ever order worth $450 million
• Birla Corporation surged as much as 20% as profit up 33% on a year

Indian equity markets posted their biggest single-day gain since February 2021, both in absolute and percentage terms, as a ceasefire agreement between India and Pakistan sparked an aggressive risk-on rally across sectors. Investor optimism was further buoyed by positive developments in US-China trade talks and forecasts of an early monsoon onset in Kerala.

The benchmark indices surged sharply, driving up the market capitalisation of BSE-listed companies by over ₹16 trillion, with the total touching ₹432.55 trillion. The mood across Dalal Street was one of renewed confidence, supported by easing geopolitical risk and encouraging global cues.

Sectoral Performance
The rally was broad-based. Realty, power, IT, and energy stocks led the charge with gains of 4–6%, while auto, banking, capital goods, FMCG, oil & gas, telecom, and media sectors rose between 2% and 4%.

Top performers on the Nifty included Infosys, Adani Enterprises, Shriram Finance, Trent, And HCL Technologies. 

Hotel- and tourism-related stocks saw strong buying interest amid growing hopes of a revival in travel demand and easing of border tensions. Indian Hotels and Interglobe Aviation jumped around 7% each.

Pharma stocks opened weak after US President Donald Trump reiterated plans to cut prescription drug prices. However, the Nifty Pharma index recovered intraday losses and closed flat.

Top Gainers	% Change
NIFTY IT	6.70%
NIFTY REALTY	5.93%
NIFTY METAL	5.86%
NIFTY FINANCIAL SERVICES	3.90%
NIFTY AUTO	3.41%

OUTLOOK
Indian equity markets are expected to build on recent gains in the near term, as the ceasefire agreement between India and Pakistan eases geopolitical risk and restores investor confidence across asset classes.

Sectors such as realty, IT, energy, and banking could continue leading the rally, supported by strong institutional inflows and optimism around early monsoon forecasts. 

In the bond market, Indian government securities are expected to stabilise, with yields likely to ease slightly after recent spikes. The benchmark 10-year yield could trend below the 6.40% mark, especially if foreign investors resume bond purchases in the wake of reduced geopolitical volatility. RBI’s continued open market operations will further support market liquidity and help cap yields.

The Indian rupee, having rebounded sharply, may trade with a firmer bias in the near term. RBI’s readiness to step in with reserve support will help anchor expectations, while easing border tensions and a stable dollar index should reduce immediate depreciation pressure. 

Key Events & Data Due Tuesday:

Economic Data

• India April CPI data
• Germany May ZEW Economic Sentiment index
• US April Core CPI data

Corporate Actions

• Jan-Mar Earnings:  Aurionpro Solutions, Bharti Airtel, Bharti Hexacom, Indo Rama Synthetics (India), JHS Svendgaard Retail Ventures, Max Financial Services, Mcnally Bharat Engineering Company, Metropolis Healthcare, Patel Engineering, Prabha Energy, RSWM, Shemaroo Entertainment, Shree Ram Proteins, Siemens, Sigma Solve, Tirupati Forge, Tirupati Forge, Advanced Enzyme Technologies, ASK Automotive, Chemplast Sanmar, Cipla, Dalmia Bharat Sugar and Industries, Garden Reach Shipbuilders & Engineers, GlaxoSmithKline Pharmaceuticals, Hero MotoCorp, Honeywell Automation India, HP Adhesives, Indo Borax & Chemicals, ITD Cementation India, Jubilant Ingrevia, Magadh Sugar & Energy, Manali Petrochemicals, NIIT, Nitin Spinners, Tata Motors, The Anup Engineering, V.S.T Tillers Tractors, Syrma SGS Technology, Alembic, Dynamic Cables, GAIL (India), Sterling Tools, Tamil Nadu Newsprint & Papers, Aditya Birla Capital, Suven Life Sciences, VIP Industries,
• Kellton Tech Solutions to consider fund raising
• Mahindra Lifespace Developers to consider fund raising
• SEPC to consider fund raising

Policy Events

• German Buba Balz Speaks
• BoE Gov Bailey Speak
• BoE MPC Member Pill Speaks