==>> Unusual event

Today, the Government of India came out with its economic survey. Some of ther recommendations includes increase in FDI, Divestment, Removal of Taxes. The expectations this are very high with the new government. The new will try their best to bring the economy back on high growth path. But how much will they be able to provide?? is the question.. The markets remained choppy through out the trading session. The markets gave feeling of the roller coaster ride. Kept the traders really busy.
Unsuall to see, the circuit levels in the BSE and NSE were different for same script listed on both the exchanges. Thats really unexpected from the Exchange that this could happen. For ex ITI was locked at the upper circuit of 5% at 39.75 in NSE and in BSE it was trading at 43-44 levels. In BSE it had 20% circuit levels. In the closing session all the sell orders in the BSE segment above the 5% circuit levels were cancelled. To name some Hindcopper, ITI, Mcnally Bharat, KLG Systel etc, whose limits were reset today in BSE and not changed in NSE. All the pending selling orders above the 5% levels were cancelled. The biggest and the idiotic thing happened in the Assam Co. stock. There was a block deal also.. hahaha yes a block deal that to at the price of Rs.77. And the yesterdays close price was just Rs15. Its unbelivable man...... There was a block deal at the price of Rs 77 of more than 1Cr share. From where did that Seller found the buyerer who will buy the stock at a price of Rs .15 when it closed at Rs .15 on the earlier day. How could this happen. Finally the BSE had to cancel the trade. According to me that, all the trades above the normal circuit levels has to be cancel. Otherwise, the buyers at the higher prices will be repending now, and the sellers will be unnecessarily enjoying the benefit of selling the stocks at the higher levels.