New Delhi, May 12 -- Indian equities rebounded sharply on Monday, May 12, reversing Friday's losses amid easing geopolitical tensions and renewed global optimism. The benchmark indices posted their best single-day gains in months, buoyed by a ceasefire between India and Pakistan, hopes of de-escalation in global conflicts, and encouraging trade talks between the US and China.

The BSE Sensex jumped 2,709 points, or 3.4 per cent, to hit the day's high of 82,163.49, while the Nifty surged 844 points, or 3.5 per cent, to 24,852.15. With the rally, the total market capitalisation of all listed companies on the BSE rose by Rs.13.46 lakh crore, touching Rs.430.47 lakh crore.

The rally followed positive news over the weekend, as India and Pakis...