Mumbai, May 12 -- Indian stock markets witnessed a sharp rally on Monday morning as investor sentiment turned positive following easing tensions between India and Pakistan. Both countries on Saturday reached an understanding on cessation of hostilities, leading to a boost in market confidence.

The benchmark Nifty 50 index opened at 24,420.10, registering a gain of 412.10 points or a 1.72 per cent surge. The BSE Sensex also reflected the bullish trend, rising by around 1300 points to open at 80,754.37, a gain of 1.64 per cent.

Experts noted that despite the hostile environment caused by the recent conflict, Indian markets demonstrated remarkable resilience. With the situation at the borders stabilizing, investors returned to equities, dr...