India, May 12 -- Indian shares rallied on Monday, with benchmark indexes Sensex and Nifty posting their best intraday session since June 5 last year, as easing geopolitical and trade tensions helped increase investors' appetite for risk.
Tensions between India and Pakistan de-escalated after both sides reached an understanding to stop all firings and military actions on land, air and sea, with immediate effect on Saturday.
The Line of Control (LoC) and border areas remained "largely peaceful", the Indian Army said today.
Air Marshal AK Bharti, while addressing a press briefing, said that all of India's air defense systems are operational and ready for "future missions if need be". "All our military bases and equipment are on alert," he s...