New Delhi, May 13 -- Benchmark indices-the Sensex and the Nifty 50-surged by nearly 4% each on Monday, May 12, marking their strongest single-day rally in four years. The rally was driven by a wave of positive developments, including the India-Pakistan ceasefire and progress on the US-China trade deal, which boosted investor confidence.

The BSE Sensex ended the day with a gain of 2,975 points, or 3.74%, closing at 82,430 after touching an intraday high of 82,495.97-just 4% shy of its all-time high of 85,978. Similarly, the NSE Nifty 50 reached a high of 24,944.80 before closing at 24,924.70, up 916.70 points or 3.82%.

Sumeet Bagadia, Executive Director at Choice Broking, believes that the Indian stock market sentiment has turned positiv...