Indian markets surge on easing border tensions and positive trade talks, top gainers include Power GridCorp, Bajaj FinServ

From NASDAQ.: 2025-05-12 00:30:00

Indian shares surged on Monday, with the Sensex up 2.7% and Nifty up 2.8%, following easing tensions between India and Pakistan and positive signs from U.S.-China trade talks. Power GridCorp, Bajaj FinServ, Bajaj Finance, Axis Bank, Infosys, and Adani Ports were top gainers. Adani Power jumped 6% after winning a contract to supply 1,500 MW thermal power. Yes Bank rose 3% after Sumitomo Mitsui Banking Corporation acquired a 20% stake. ABB India rallied 4% on improved quarterly profit margins. Pharma stocks like Cipla, Aurobindo Pharma, and Lupin fell after Trump’s promise to lower U.S. prescription drug costs. Dr Reddy’s Laboratories reported a 22% increase in quarterly profit.



Read more at NASDAQ.: Sensex, Nifty Rally As Border Tensions Ease