Stock market today, May 12 -- India's stock indices surged by over 3% and were set to record their best session in nearly a year on Monday after the country established a ceasefire with Pakistan over the weekend, following the most severe cross-border conflicts in almost thirty years.

As of 14:14 IST, the Nifty 50 and the Sensex increased over 3.5% each, reaching 24,899.80 and 82,315.60, respectively, positioning themselves to recover the 1.5% loss sustained after India's strikes on Pakistan the previous Wednesday.

Analysts believe that the ceasefire agreement between India and Pakistan has helped reduce regional tensions, which is always advantageous for domestic stock markets. Additionally, news about a reduction in hostilities betwee...