Following Pakistan's call for a ceasefire with India after significant air base damage, the KSE 100 index surged over 9%, building on Friday's gains. This rally followed earlier market pressure due to heightened tensions after a terrorist incident in Kashmir.

As long as the Nifty remains below the 24,150 level, weak sentiment is likely to continue and Nifty could retest the 23,800 followed by 23,600. On the upside, a move above 24,150 could signal a pullback rally to 24,

Pakistan's benchmark index surged over 9% on Monday, while Dalal Street also saw gains with Sensex and Nifty jumping 3%.