Stock market today, May 12 -- Boosted by the India-Pakistan ceasefire, India's key stock market indices saw a strong gap-up opening on Monday.

The Nifty 50 began trading at 24,420 and surged to an intraday high of 24,737, gaining more than 700 points. The BSE Sensex opened at 80,803 and quickly climbed to 81,830, marking an impressive intraday rise of over 2,200 points shortly after the market opened.

The Bank Nifty also had a strong start at 54,658, crossing the 55,000 mark and reaching an intraday high of 55,292.

Stock market experts believe the main driver behind the recent rally in the Indian stock market is the ceasefire agreement between India and Pakistan. They also pointed to several other contributing factors, including the US...