A ceasefire agreed between India and Pakistan appears to be holding, with both sides stressing their commitment to the surprise truce which halted the worst fighting in decades between the nuclear-armed neighbors.

Indian shares are set to open higher on Monday as India and Pakistan reached a truce over the weekend after intense firing of missiles and drones at each other's military installations for four days.

Hours after the cease-fire was confirmed, there were accusations that the agreement was not being entirely upheld.