<h1>Reciprocal tariff pause ending may temper market rally despite ceasefire-driven risk-on sentiment boosting equities and flows.</h1> Equity markets rallied on risk-on sentiment after a ceasefire, with benchmark indices rising and specific large-cap gainers and laggards noted. The summary highlights that a paused reciprocal tariff arrangement, set to resume after the 90-day pause, poses near-term uncertainty for the rally, while institutional flows showed foreign selling and domestic buying.