Tuesday, May 19, 2009

Its surely been a Golden day for the Bulls in the Indian markets. Its for the first time in the Indian stock market history that the trading has been suspended for hitting the upper circuit. Within few seconds after the markets opened Nifty hit the upper circuit level of 15% and the trading was suspended for 2 hrs. Immediately after the trading hours opened again, Nifty again hit the upper circuit level of 5% more. The Nifty was up 20%. The markets were suspended for the rest of the day. Total volumes in both the exchanges was just 3100 CR, that is even less then the volumes alone in the BSE exchange in the normal days.

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