As tensions ratcheted up over the last week of fighting, Pakistan did not consider deploying nuclear warheads to strike India, the country’s foreign minister Ishaq Dar told CNN on Monday.

Pakistan on Tuesday declared a staff member of the Indian High Commission here "persona non grata" after India expelled a Pakistani official working at the Pakistan High Commission in New Delhi for allegedly indulging in espionage.

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.

Fourteen people interviewed described the rapid escalation of hostilities and behind-the-scenes diplomacy involving the U.S., India and Pakistan.

The Indian government on Tuesday rejected Trump’s claim that he helped broker a ceasefire between India and Pakistan in exchange for trade concessions.

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.

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

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.