Mumbai, May 12 -- GIFT Nifty:

GIFT Nifty May 2025 futures were trading 470 points higher in early trade, suggesting a blockbuster opening for the Nifty 50.

India and Pakistan ceasefire:

Tensions between India and Pakistan took a much-needed breather over the weekend as both nations agreed to a ceasefire following days of escalating conflict-the worst the region has seen in nearly three decades. The truce came after a dramatic round of late-night diplomacy led by the United States.

"After a long night of talks mediated by the United States, I am pleased to announce that India and Pakistan have agreed to a FULL AND IMMEDIATE CEASEFIRE," President Donald Trump declared on Saturday.

The ceasefire, while fragile, appeared to be holding st...