Mumbai, May 12 -- The headline equity benchmarks bounced back with strong gains today, breaking a two-day losing streak. Investor sentiment was lifted as geopolitical tensions eased following a ceasefire agreement between India and Pakistan, bringing an end to days of missile and drone attacks. Additionally, optimism surrounding the progress of the US-China trade deal further fueled market momentum.

As geopolitical tensions eased, investors' attention may now shift towards domestic economic indicators such as CPI and retail inflation data. The Nifty settled above the 24,900 level, reflecting broad-based positive sentiment in the market. The broader market also saw impressive gains, surging by over 3.80%.

In the barometer index, the S&P ...