Sensex surges 1,950 points, Nifty tops 24,600 after India-Pak ceasefire calms D-street

Indian stock markets surged on Monday following a temporary ceasefire announcement between India and Pakistan, with the Sensex jumping 2.34% and the Nifty50 climbing 2.38%. While Adani Ports and Axis Bank led gains, military officials have already flagged ceasefire violations, signaling the relief may be short-lived if tensions re-escalate.