rahul_parab2006
Rahul Parab
Sensex skyrockets on UPA victory, trading halted
For the first time in the history of Indian stock markets, trading was halted at the upper circuit one minute after trading began on Monday in reaction to the United Progressive Alliance's impressive victory in the general elections.
Trading had been halted for two hours (10.00am to 11.55am).
The Bombay Stock Exchange's Sensex opened 10.73 per cent or 1305.97 points higher at 13479.39.
The National Stock Exchange's Nifty was locked at 4203.30, higher by 14.48 per cent or 531.65 points.
All sectoral indices shot through the roof with the banking sector leading the rally.
With the air of political uncertainty clearing up with the triumph of the United Progressive Alliance, the bulls have returned to the bourses with a bang.
Trading has halted for the day as the market hits upper circuit once again within 17 seconds of opening, reports CNBC TV18.
Only 202 stocks traded on NSE and 842 on the BSE, reports CNBC TV18. Total traded turnover at Rs 3,103 cr (Cash + F&O), it adds.
NSE-BSE halt trade for the full day ever as market hits upper circuit, reports NDTV Profit. Sensex closed at 14273, up 2099 points from its previous close, and Nifty at 4308, up 636 points. Market will re-open tomorrow morning.
The mood in the market is euphoric and most analysts and market observers believe that the Sensex might rise to 15,000 by the time the new government presents the Union Budget.
For the first time in the history of Indian stock markets, trading was halted at the upper circuit one minute after trading began on Monday in reaction to the United Progressive Alliance's impressive victory in the general elections.
Trading had been halted for two hours (10.00am to 11.55am).
The Bombay Stock Exchange's Sensex opened 10.73 per cent or 1305.97 points higher at 13479.39.
The National Stock Exchange's Nifty was locked at 4203.30, higher by 14.48 per cent or 531.65 points.
All sectoral indices shot through the roof with the banking sector leading the rally.
With the air of political uncertainty clearing up with the triumph of the United Progressive Alliance, the bulls have returned to the bourses with a bang.
Trading has halted for the day as the market hits upper circuit once again within 17 seconds of opening, reports CNBC TV18.
Only 202 stocks traded on NSE and 842 on the BSE, reports CNBC TV18. Total traded turnover at Rs 3,103 cr (Cash + F&O), it adds.
NSE-BSE halt trade for the full day ever as market hits upper circuit, reports NDTV Profit. Sensex closed at 14273, up 2099 points from its previous close, and Nifty at 4308, up 636 points. Market will re-open tomorrow morning.
The mood in the market is euphoric and most analysts and market observers believe that the Sensex might rise to 15,000 by the time the new government presents the Union Budget.