Overview

• The Sensex experienced a sharp reversal on May 13, dropping over 800 points within minutes after Monday's record rally.
• The May 12 ceasefire between India and Pakistan initially triggered the largest intraday market surge in four years, with Sensex gaining 2,975 points and Nifty rising 916 points.
• BSE's market capitalization surged by over ₹11 lakh crore during the rally but saw significant losses the following day due to profit-taking and mixed global cues.
• Large-cap stocks such as Reliance Industries and HDFC Bank led Monday's gains but were among those affected by Tuesday's sell-off.
• Global factors, including rising crude oil prices and U.S. treasury yields, contributed to the market's sudden decline.