Stock market today, May 12 -- Buoyed by the India-Pakistan ceasefire, the key benchmark indices of the Indian stock market had a big gap-up opening on Monday. The Nifty 50 index opened upside at 24,420 and touched an intraday high of 24,737, recording an intraday gain of over 700 points. The BSE Sensex opened at 80,803 and touched an intraday high of 81,830. While climbing to this intraday high, the 30-stock index logged an intraday gain of over 2,200 points within a few minutes of the Opening Bell. The Bank Nifty index opened at 54,658 and regained the 55K peak by hitting an intraday high of 55,292.

According to stock market experts, the primary reason for the Indian stock market rally is the India-Pakistan ceasefire. However, they said...