The largest-ever day of absolute gains sees the Sensex leap nearly 3,000 points and the Nifty jump 900 points.

On May 12, benchmark indices witnessed their largest single-day increases in absolute terms ever, with the Sensex rising nearly 3,000 points and the Nifty 50 gaining over 910 points. Along with a notable advancement in trade talks between the US and China, investor sentiment was greatly enhanced by the reduction of border tensions between India and Pakistan. The Nifty was up 916.70 points, or 3.82 percent, at 24,924.70 at the closing, while the Sensex was up 2,975.43 points, or 3.74 percent, at 82,429.90. The market breadth was clearly in favor of the bulls, as evidenced by the roughly 3,236 shares that gained, 448 shares that fell, and 90 shares that stayed the same.

Both indices experienced their second-highest gains in four years, rising by around 4 percent in percentage terms. On February 1, 2021, both indexes increased by more than 4.7 percent, the only significant increase in percentage terms. All sectoral indices were trading in positive territory, indicating a broad-based gain.