For the first time in the history of Indian Stock markets, the indices hit the upper circuit of 20 % and the trading had to be suspended for the day!!! BSE sensex was up 2099 points at 14273 while CNX Nifty was up 636 points at 4308. The markets were able to remain open and trade for less than a minute each time first circuit of 15% was hit and then the second one of 20% after cooling period of two hours!!!! The reason: Congress led UPA winning the majority to form a government without the support of left......The Left is out and people are left out. This is just amazing and myself along with all Indian traders are witness to such an event...for the first time...ever! Regards, RightMan
Congress won with a clear mandate. This allows for a strong government who can stay above the petty politics and concentrate on the greater task of stimulating India's economy. My congratulations to all Indians.
Traders those are trading in future and options must have earned good amount . I am still holding many nifty call lots and looking for good results .
From the history we can realize and it suggests as long as a firmly established coalition comes to the leading power, the impact on opinion or feeling and activities are likely to be definite.