India, May 12 -- India's benchmarks jumped nearly 4% to log their best session in almost a year on Monday after the country reached and held a ceasefire with Pakistan over the weekend, following the worst cross-border clashes in nearly three decades.

The BSE Sensex and Nifty 50 gained about 3.8% each to close at 82,429.90 and 24,924.70 respectively.

Pakistan's stock exchange halted trading on Monday for an hour, after the benchmark KSE-100 share jumped 8.84% in early trade. It was last up 9.4%.

The easing of hostilities allows focus to return to growth and trade in the world's fifth largest economy, analysts said, adding that the conflict will not have a material impact on India's economy.

"Assuming the ceasefire is adhered to by both...