News

Prime Minister Narendra Modi is scheduled to address the nation at 8 pm on Monday, May 12. Although it could not be ascertained immediately as to what the Prime Minister will focus on in his address, the development comes during a fragile ceasefire situation between India and Pakistan, after the Pakistani military's move to violate a clear understanding arrived at mere hours after both sides agreeing to cease fire on Saturday. 

Meanwhile, the Indian and Pakistani DGMOs are set to connect on the same day to review the ceasefire established between the two sides on Pakistan's request on Saturday.

On May 10, the Pakistani DGMO contacted his Indian counterpart at around 3:35 pm IST to engage in discussions that led to the ceasefire. 

Originally, the talks between the DGMOs were scheduled to start at 12 noon India time on Monday but were later postponed. 

At the time of publishing this report, the talks are scheduled to take place around 5:30 pm IST, according to sources. 

Earlier on Monday, domestic equity benchmarks Nifty50 and Sensex surged almost four per cent each, driven by across-the-board buying led by IT, financial, auto and energy shares, as the bulls cheered the easing of geopolitical tensions following days of swift and firm retaliatory action by the Indian Armed Forces to the Pakistani military's hostile aggression on Indian soil.

The Nifty50 gained 916.7 points to end at 24,924.7 while the Sensex soared 2,975.4 points to settle at 82,429.9 on Monday. 

Under its ongoing Operation Sindoor, launched in response to the April 22 terror attack in J&K's Pahalgam, Indian forces intercepted and responded to the Pakistani military's drone and missile attacks targeting civilian as well as military locations in India. 

India remains firm on its no-tolerance policy against terrorism. The secular nation's zero-tolerance policy against terrorism is unwavering, with the Narendra Modi government committed to taking effective action against terrorism on both sides of the border. The policy is also reflected in the Indian forces' precision, proportionate and responsible targeting of terror infrastructure in Pakistan and Pakistan-occupied Jammu and Kashmir (PoJK). 

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

LATEST NEWSBy accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.