For the Nifty 50 index, any dips are likely to be bought into as long as the index remains above 24,350. On the higher end, this leg of the rally might extend towards 25,350/25,750 in the short term,

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.

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