India

12 May, 2025
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Stock market indexes in Mumbai soared after India and Pakistan agreed to a ceasefire following a week of retaliatory military attacks by India. 

The Sensex and Nifty indexes soared more than 3% after India and Pakistan agreed to halt military attacks and pursue negotiations following a Pakistan-backed  terrorist attack that killed 26 people in Kashmir. 

The Indian rupee held its ground and traded near 85-mark against the U.S. dollar and the Pakistani rupee drifted lower to a one-year low of 281.20 against the U.S. dollar. 

The benchmark index in Karachi soared 9% after the ceasefire held for the second day, raising hopes that a wider conflict between the two neighboring nations could be avoided.   

Pakistan's economy has been ravaged over the last three decades as the nation's resources are used up by military in financing wars in the name  of Islam. 

Pakistan's democracy has struggled to take hold in the nation, as military generals install puppet political regimes through sham elections, and divert nation's resources to war with Afghanistan, finance terrorist activities in India-held Kashmir, and Baluchistan province inches closer to independence. 

 

Commodities, Yields, and Indexes

The Sensex index advanced by 3.1% to 81,975.67, and the Nifty index increased by 3% to 24,795.55.

On the Mumbai stock exchange, 94 stocks traded at their 52-week highs, and 45 stocks traded at their 52-week lows.

The yield on the 10-year Indian government bonds inched lower to 6.41%, and the Indian rupee traded at 84.67 against the U.S. dollar. 

The gold price edged down by 0.2% to ₹96,565 per ten grams, and silver declined by 2.5% to ₹94,076 per kilo.

Crude oil gained 0.8% to ₹5,253 per barrel, and natural gas decreased by 1.7% to ₹316.90 per thermal unit.

 

India Stock Movers 

ABB India Ltd. advanced 1.2% to ₹5,505.50, and the infrastructure company reported a marginal increase in its quarterly profit. 

Dr. Reddy's Laboratories Ltd. advanced 2.5% to ₹1,185.50, and the generic pharmaceutical maker reported a 22% increase in profit in the March quarter. 

Yes Bank Ltd. increased 2% to ₹20.43 after the Japan's Sumitomo Bank acquired a 20% stake in the bank from the State Bank of India-led consortium for ₹13,483 crore. 

Adani Power Ltd. soared 6% to ₹543.65 after the company won an order to build a 1,500 MW thermal power plan for Uttar Pradesh at a price of ₹5.383 per unit.