Wall Street futures are back in rally mode after a joint statement from the US and China brought relief to global markets. The S&P 500 was 2.6% higher in early trading and back within 5.5% of its all-time high set in February. Meanwhile the Dow Jones Industrial Average rose more than 1000 points and the Nasdaq composite was 3.6% higher.
The Indian stock market also witnessed a stupendous rally today — recording their biggest single day surge since June 2024. Nifty ended near 25,000 while Sensex zoomed 2,950 points following the easing of India-Pakistan tensions after the ceasefire agreement. The Sensex ended the session near 82,500, while the Nifty closed just below 24,900. Both indices jumped around 3.7% each. The mood was lifted by news of a ceasefire agreement between India and Pakistan, bringing some relief to geopolitical nerves.
Adding to the optimism were positive developments from Switzerland, where the US and China concluded high-level trade talks with both sides signalling an “important consensus.” US Futures are up nearly 400 points on the back of the news. This global reassurance is being mirrored across Asian markets as well, with indices across Japan, South Korea, and Australia posting early gains, indicating hopes of de-escalation and economic cooperation.
Three reasons why markets are surging today-
India-Pakistan Ceasefire: After days of rising hostilities along the border, India and Pakistan have agreed to a ceasefire, offering a breather to regional markets and diplomatic circles. The truce, formalised after talks between the military officials of both countries, followed India’s strong retaliation against the recent terror attack in Pahalgam that killed 26 people.
US-China Trade Talks: Markets found a silver lining over the weekend as the US and China appeared to make progress in resolving their long-standing trade rift. Following talks in Switzerland, both sides indicate optimism. US Treasury Secretary Scott Bessent described the meetings as “highly productive,” while China’s Vice Premier He Lifeng said they reached an “important consensus.” A joint statement is expected soon, with leaders promising developments that could help reduce the US trade deficit.
US Futures jump: All eyes are at 9 am ET (US Time). The US stock futures jumped over 400 points on the news of US-China progressing on tariff talks. The US President is make a formal announcement on this. Meanwhile on Friday, the Dow Jones closed down by 119 points, the S&P 500 slipped slightly, and the Nasdaq barely moved.
Share market today live updates: Trump says China tariffs won't go back to 145%
US President Donald Trump assured on Monday that tariffs against China would not return to the 145% level even if a full deal was not reached during the 90-day pause.
Share market today live updates: Markets reduce bets on ECB rate cuts
Euro area benchmark Bund yields hit a fresh one-month high and markets reduced bets on European Central Bank interest rate cuts on Monday as an easing in trade and geopolitical tensions allayed concerns about economic growth.
Remarks from ECB board member Isabel Schnabel also supported a reduction of bets on future ECB monetary easing.
The ECB should stop cutting borrowing costs as turmoil in the global economy is fuelling price pressures and inflation is at risk of exceeding the bank's 2% target in the medium term, Schnabel said on Friday.
Share market today live updates: Commodity-linked Latam stocks rise, FX slips after US-China tariff deal
Most resources-linked Latin American equities advanced on Monday, while currencies declined against a stronger dollar after the United States and China struck a deal to lower their steep tariffs on each other.
Brazil's Bovespa index edged up 0.2%, Argentina's Merval index added 2.2% and Chile's benchmark index added 0.7%. Stocks in the region have outperformed the broader MSCI gauge for emerging market equities so far this year. Latin American economies have faced among the smallest of Washington's tariffs, and investors have looked for bargains outside the United States as they priced in the likelihood of a U.S. recession. However, expectations of a global slowdown in the event of a prolonged U.S.-China rift had weighed on commodity prices - a top export from the region. On Monday, top energy companies in the region including Brazil's Petrobras jumped 3.2%, Argentina's YPF gained 4.1% and Colombia's Ecopetrol climbed 1.2%, tracking higher crude prices. Miners including Brazil's Vale surged 3.1%, Mexico's Grupo Mexico SAB de CV advanced 1.3% and U.S.-listed shares of SQM rose 3.7%, tracking higher industrial metal prices.
Share market today live updates: Gold prices fall after hitting all-time high
Spot gold prices, which hit an all-time high of $3,500 last month and often move inversely to the dollar, fell 2.6% to $3,237.4 an ounce.
Share market today live updates: Crude oil jumps over 3%, Treasury yields rise
Crude oil prices jumped more than 3% because a global economy less weakened by tariffs would be hungrier for fuel. The value of the dollar climbed against everything from the euro to the Japanese yen to the Swiss franc. And Treasury yields jumped on expectations that the Federal Reserve won’t have to cut interest rates so deeply this year in order to protect the economy from the damage of tariffs. Of course, conditions could change quickly again, as Wall Street has seen all too often in Trump’s on-again-off-again rollout of tariffs. Plus, the reduction in U.S. and China tariffs will last only 90 days.
Share market today live updates: S&P 500 back above 'Liberation Day' levels
The S&P 500 was 2.6% higher in early trading and back within 5.5% of its all-time high set in February. Since falling nearly 20% below that mark last month, the index has been roaring higher on hopes that President Donald Trump will lower his tariffs after reaching trade deals with other countries. The index, which sits at the heart of many 401(k) accounts, is back above where it was on April 2, Trump’s “Liberation Day,” when he announced stiff worldwide tariffs that caused worries to spike about a potentially self-inflicted recession.
Share market today live updates: Dow surges over 1000 points as US, China agree to temporary tariff cuts
The Dow Jones Industrial Average surged more than 1000 points as US markets opened on Monday. Wall Street stocks were set for significant daily gains, with the S&P 500 index rising 2.9% in early trades and the tech-focused Nasdaq Composite advancing by 4%.
Share market today live updates: Dow futures soar 2.6%
The Dow Jones Industrial Average futures gained 1,117 points on Monday afternoon while S&P 500 futures climbed 3.1% and Nasdaq-100 futures surged 4%.
Share market today live updates: Pakistan Stock Exchange gains record 9% after truce with India
The Pakistan Stock Exchange saw a record 9% increase during trading on Monday following a truce with India. The PSX had lost nearly 6.5% last week amid growing uncertainty.
With the geopolitical situation limping back to normalcy, the KSE-100 index scored high during intraday trading. The index opened with a gain of 9,929.48 points, or 9.26 per cent, to stand at 117,104.11 points from the previous close of 107,174.63.
Share market today live updates: US Treasury Secretary likely to meet with China again in ‘next few weeks’
US Treasury Secretary Scott Bessent indicated on Monday that he would likely meet with Chinese officials in the next few weeks to continue negotiations.
“I would imagine in the next few weeks we will be meeting again to get rolling on a more fulsome agreement,” he told CNBC.
Share market today live updates: Dow futures up over 1000 points as tariff talks progress
The Dow futures rose more than 1000 points on Monday afternoon after the US and China issued a joint statement following tariff-related talks. The S&P 500 futures rose by 174 points while Nasdaq futures were up more than 800 points.
Share market today live updates: Trade war halted $600 billion in bilateral trade, sparking stagflation fears
The tariff dispute brought nearly $600 billion in two-way trade to a standstill, disrupting supply chains, sparking fears of stagflation and triggering some layoffs. Financial markets were buoyed by the latest thaw in the trade war and Wall Street stock futures climbed as the talks boosted hopes a global recession might be avoided.
Share market today live updates: Pharma stocks fall after Trump executive order
US President Donald Trump has said he would cut prescription drug prices by 59%, but gave no further details about his plan to lower medicine costs ahead of a health-related event at the White House later on Monday. Leading pharma companies such as Merck, Johnson & Johnson, and Teva Pharmaceutical have since reported significant declines.
Share market today live updates: Dollar rallies against euro, yen
The resurgent greenback gained strongly against Japan's yen, last up 1.9% at 148.15 yen, and pushed Switzerland's franc 1.6% lower on the day in a jolt of relief for Swiss exporters and the nation's central bank.
The euro, which surged in April as investors questioned the dollar's long-held status as the world's reserve currency, was 1% lower at $1.1138.
Share market today live updates: Dow Futures jump 900 points
The Dow futures rose by 900 points on Monday afternoon as the US and China released a joint statement on tariff-related talks.
Share market today live updates: Markets today at close
The domestic equity markets leaped in Monday's session as India and Pakistan ceasefire. It was further bolstered by global trade deals that happened between China and US. The Nifty 50 closed the session 912.80 or 3.8% higher at 24,920, while the Sensex cheered 2,950 points or 3.71% to finish at 82,404.81.
Markets stayed firmly in the green from the opening bell on Monday, with the Sensex and Nifty clocking their biggest single-day gains in a year. The Sensex was up over 2,900 points at 82,382.60, while the Nifty surged nearly 916 points to 24,924.05, minutes before closing. The rally was broad-based, with strong buying seen across sectors - led by IT, financials, media , metal stocks.
Share market today live updates: Top gainers at this hour
In the intraday trading, the Sensex 30 is aw a strong upward momentum with tech and financial heavyweights leading the gains. Infosys is up by 7.82%, HCL Tech has gained 6.14%, and Tata Steel is trading higher by 5.88%. Tech Mahindra and Eternal are also in the green, rising 5.31% and 5.18% respectively. TCS is up 4.76%, while Bajaj Finance is showing a strong 4.35% increase.
Share market today live updates: Hindustan Copper shares rise 8%
The share price of Hindustan Copper jumped 8.25% to an intra-day high of Rs 222.27 on the National Stock Exchange as markets rally on the back of domestic as well as global positive cues. The sectoral index Nifty Metals rose 5.23% to 8,877.95. Hindustan Copper was the top gainer in the Nifty Metal. It was followed by Lloyds Metals and Energy, which rose 7.9%. SAIL surged 7.92%, following the list.
It's a rather worrying session for the precious metals. Gold prices have plunged Rs 2,553 to Rs 93,965 per 10 grams in futures trade on weak global cues.
On the Multi Commodity Exchange, the gold rate today for June contracts traded lower by Rs 2,553 or 2.65% to Rs 93,965 per 10 grams in a business turnover of 13,688 lots.
In the international markets, gold futures fell 1.49% while Spot Silver slipped over 2% intra-day.
Share market today live updates: China and US to drop tariffs for 90 days, indices nod
China has dropped a tariff bomb as it will lower the duty on US goods to 10% from 125% for 90 days. Also, the US will cut tariffs on Chinese goods to 30% from 145% for the same time period. Following this, FTSE China A50 Index Futures were up 2%, intra-day. Further, the futures contract tied to the Dow Jones Industrial Average rose 2.20%. Hong Kong's Hang Seng advanced 308 points or 1.35%.
Share market today live updates: Nifty Realty highest gainer among sectoral indices
The Nifty Realty index surged the highest among sectoral indices. It was up 4.55% at the 858.75 level. All the constituents of the index were trading in the green. Raymond was the top gainer in the index, trading 7.68% higher at Rs 1,568.20 on the National Stock Exchange.
It was followed by Godrej Properties, Anant Raj, DLF, Sobha Realty, Macrotech Developers (Lodha Group), and many others.
Defence stocks took the lead in Monday's trading session, with drone manufacturers driving the rally, following the India-Pakistan ceasefire. Investors responded positively to the news of the ceasefire, raising hopes of a stable geopolitical environment and possibly higher defence spending in the future.
Among the standout performers, Ideaforge Technology saw a notable climb of nearly 7%, marking one of the highest intraday gains. Meanwhile, ZEN Technologies surged 5%
Other drone-related stocks also saw strong momentum, with Droneacharya Aerial Innovations Ltd rising 5%, and Data Patterns (India) advancing 4%.
Share market today live updates: Reliance Power soars on big win and Q4 results
Shares of Reliance Power surged by 12.5%, reaching an intraday high of Rs 43.50 per share on the BSE. This rally comes after its subsidiary, Reliance NU Energies, clinched the largest allocation in SJVN’s tariff-based competitive bidding process.
Adding to the excitement, Reliance Power also released its Q4FY25 results on Friday after market hours.
Share market today live updates: Adani Enterprises top gainer in Nifty 50
The share price of Adani Enterprises jumped 7.5% to an intra-day high of Rs 2,419.80. It was the top gainer in the Nifty 50 as markets are led by bulls. The list of Adani stocks tells that all the Adani Group stock were trading in the green. Adani Enterprises was followed by Adani Energy Solutions, Adani Green Energy, and many others.
Share market today live updates: Yes Bank shares rally 8.4% as Japan's Sumitomo Group buys SBI's stake
The share price of YES Bank rallied 8.4% to an intra-day high of Rs 21.70 on the National Stock Exchange. The surge in the stock price came after Japan's Sumitomo Group agreed to buy SBI's stake as well as acquire 6.8% from other bank shareholders. Sumitomo Mitsui Banking Corporation (SMBC) entered into an agreement to purchase 20% stake in the lender through a secondary stake purchase valued at around Rs 13,483 crore.
The Pakistani markets also opened with a big bang on Monday morning. The markets reacted to India-Pakistan agreeing to a ceasefire and the Karachi Stock Exchange opened with nearly 9% gains in morning trade. Trading has been halted for 60 minutes as a result of the striking gains. The the Karachi Stock Exchange declined over 10% last week.
Read more : Karachi Stock Exchange jumps 9% on India-Pakistan ceasefire; trade halted for 60 minutes
Share market today live updates: Key gainers and losers at this hour
Adani Ports, Axis Bank, and Infosys were among the top intraday gainers today, rising over 3.5% each, with strong buying seen across banking and IT counters. HCL Tech, NTPC, and Eternal also joined the rally, gaining between 3.5% and 3.8%. On the flip side, Sun Pharma stood out as the major laggard, slipping over 3%.
Share market today live updates: Nifty Pharma only sectoral index to trade in red
The share price of Sun Pharma was the major loser in the sectoral index. The stock price of Sun Pharma fell 7% to an intra-day low of Rs 1,623.60 on the National Stock Exchange. The sectoral index Nifty Pharmaceuticals fell 2.05% to the 20,640.40 level in the strong market on Monday. All the sectoral indices on the NSE were trading in the green, while Nifty Pharma was in the red. US President Donald Trump, in a social media post, said that he will sign an order to reduce drug prices on Monday, “almost immediately by 30% to 80%.”
Share market today live updates: Broader markets outperform
In a powerful display of bullish momentum, India’s broader markets surged ahead with the BSE Midcap index jumping 1,175 points or 2.79% trading at 43,286.67, while the BSE SmallCap index outperformed with a stellar 3.58% gain, adding 1,673 points to 48,415.27 in the intraday trading.