New Delhi, May 12 -- Shares of the Bombay Stock Exchange (BSE), one of Asia's oldest stock exchanges, surged 7.2% in intraday trade on Monday, May 12, mirroring the strong buying sentiment on Dalal Street, as India and Pakistan reached a truce over the weekend following intense missile and drone strikes on each other's military installations.

The easing of geopolitical tensions brought the bulls back in charge of the Indian stock market. The stock kicked off the session with a gap up and continued to build on gains to cross the Rs.7,000 mark for the first time, hitting a fresh all-time high of Rs.7,047 apiece.

With today's sharp rally, the BSE share price has gained 91.4% from its March low of Rs.3,682 apiece. The stellar recovery in a ...