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: Sensex, Nifty technical outlook
“Technically, it has formed a long bearish candle on the weekly chart and is also trading near the 200-day SMA (Simple Moving Average) support zone. We believe that as long as the market sustains below 24,200/80000 levels, weak sentiments are likely to continue, and further downside may continue, potentially dragging the market towards 23,800-23600/79600-78200. On the other hand, a move above 24,200/80000 could signal a pullback rally. Above this level, the market could bounce back to 24,500/81000. A close above 24500/81000 would result in a move towards 25000/82500,” said Shrikant Chouhan, Head- Equity Research.
“For Bank Nifty, the 20-day SMA or 54,000 would be a trend decider for short-term traders. Below this level, the index could fall to 53,000–52,650. Conversely, a move above 54,000 could push the index to 54,800–55,000,” he added.
The markets open on a higher note as India and Pakistan ceasefire. The Nifty 50 opened 378.60 points or 1.58% higher at 24,386.60 while the BSE Sensex jumped 1,203.53 points or 1.51% to open at 80,658. The Banking stocks led the chart. The Nifty Bank was up 1,019.70 points or 1.90%, opening at 54,614.95.
Share market today live updates: Big development globally, US-China trade talks akey trigger
Global cues are positive, with both the US and China describing their trade talks in Geneva over the weekend as productive and positive. The US is expected to make a formal announcement on Monday morning US time. According to market expert Ajay Bagga this may lead to some stock specific action in India, “Pharma shares will face some pressure as President Trump is expected to sign an executive order that will reduce US prices of prescription drugs and pharmaceuticals by an expected 30% to 80 % at 9 AM ET on Monday. Trump starts his Middle East tour on Tuesday, and we expect the announcement of energy, nuclear, defence procurement and strategic deals.”
He added how the news is impacting global sentiment- Asian markets are up on the US-China deal hopes, while Gold is down over 2% , oil is up along with the US dollar. US futures are pointing to an over 1% gain for the US markets on the US-China optimism today.
Share market today live updates: What’s the big call on India now
After the weekend of hectic negotiation and India-Pakistan agreeing for ceasefire, market veteran Ajay Bagga says, “Indian Futures are pointing to a sharp 2% upmove, as all the losses due to the India-Pakistan conflict are made up on the back of the cessation of active hostilities in the region. Indian markets have weathered the turbulence quite well and are set to recover smartly today.”
He listed out the key sectors in focus and said, “Overall , tourism in North India has seen the biggest impact with mass cancellations duringpeak summer holiday season, with significant dent on important tourist hubs.”
According to him, “Defence stocks should see buying interest with fresh orders expected . Sentiment remains fragile geopolitically, but the resilience of the Indian markets point to a potential strong rally in the near future, with both FPIs and DIIs staying buyers .”
Share market today live updates: Markets after major strikes
In 2016, after India held the Uri strike, markets rose 11.3% in a year, while in 2019, after the Balakot air strike, Indian indices increased by 8.9%. Even after the post-Kargil War, markets gained 29.4% in the following year.
Share market today live updates: Market outlook
“A thawing of the relationship between India & Pakistan is likely to trigger a massive rebound for benchmark Nifty early Monday trades, but that said any fresh violations of the ceasefire deal from Pakistan could keep bullish sentiments fragile. The constructive trade talks between the US and China may further bolster global sentiment, while key domestic inflation numbers to be released on Tuesday & Wednesday will be in focus ahead of next month’s credit policy. Benchmark Nifty ending above the psychological 24000 mark in Friday’s trade could see the index rising up to 24237-24447 levels, with aggressive targets seen at 24750-24860 zone,” said Prashanth Tapse, Senior VP (Research), Mehta Equities.
Trends on GIFT Nifty point to a strong opening for Indian equities, with the index jumping over 450 points, or nearly 2%, in early trade. Furthermore, the Nifty futures hovered around the 24,500 mark.
Share market today live updates: Asian markets
Asian markets kicked off the week with a positive start as signs emerged of a potential thaw in US-China trade tensions following high-level talks in Switzerland. Japan’s Nikkei nudged higher, South Korea’s Kospi posted modest gains, and Australia’s ASX 200 opened in the green.
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