The ceasefire had been expected to bring a swift end to weeks of escalating clashes triggered by the mass shooting of tourists last month that India blames on Pakistan.

US President Donald Trump praised Marco Rubio and JD Vance for their roles and suggested a dinner between the nations.

With last-minute U.S. mediation, cooler heads prevailed between India and Pakistan. But a flare-up is inevitable.

India and Pakistan on Saturday reached an understanding to stop all military actions on land, in the air and at the sea, in a U.S.-brokered ceasefire.

The military operations chiefs of India and Pakistan spoke by phone on Monday, the Indian army said, as New Delhi reopened airports and shares rose in both countries following a ceasefire that paused days of intense fighting last week.

Analysts believe that if the current stability holds over the next 24–48 hours, with no retaliatory actions or escalatory rhetoric from India or Pakistan, the stock markets are likely to respond constructively.

The two countries agreed to a truce a day earlier after talks to defuse their most serious military confrontation in decades.

With Russian forces grinding forward, Vladimir Putin has offered few, if any, concessions so far. Volodymyr Zelenskiy said Kyiv was willing to talk only after Moscow agreed to a ceasefire.