Sensex and Nifty both rise by over 4%, and m-cap gains ₹16 lakh crore.

Indian stock market: On Monday, May 12, a number of encouraging announcements, including a US-China trade agreement and a truce between India and Pakistan, improved investor mood, causing benchmark indices, the Sensex and the Nifty 50, to rise by almost 4% each, posting the best one-day advance in four years.

The BSE Sensex ended the day at 82,430, up 2,975 points, or 3.74%. It was 4% off its all-time peak of 85,978 when it reached the day's high of 82,495.97. After reaching the day's peak of 24,944.80, the NSE's barometer, the Nifty 50, ended the session at 24,924.70, up 916.70 points, or 3.82%. In the meantime, the total market value of all businesses listed on the BSE increased to ₹4,32,47,426.73 lakh crore today, up ₹1,6,06,576 lakh crore. The amount was ₹4,16,40,850.46 at the end of Friday. The wider markets were ecstatic as well. The BSE Smallcap index surged 4.18% to finish at 48,693.75, while the BSE Midcap index advanced 3.85% to settle at 43,731.60.