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Stockmarkets Hit Upper Circuit Twice, Trading Halted For Day

18 May, 2009

Updated: For first time in history, BSE-NSE were halted for the day as markets breached the upper circuit twice. BSE hit 14,272 points, up 2,100 points while Nifty clocked 4,308, up 636 points. CNBC TV-18 reports that total traded said that total turnover on the markets was Rs 3,103 crore, including cash and F&O, out of which latter stodd at Rs 2,833 crore. Only 207 stocks were traded on NSE, while there were 842 stocks traded on the BSE.

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Indian stock markets hit upper circuit as they opened for trading first time after the historic win by Congress-led UPA alliance. For the fist time in history, both Bombay Stock Exchange and Nifty hit the upper circuit. The trading has been halted at the exchanges for the time being. While the BSE hit 13479, up 1306 points from its previous close, and Nifty hit 4203, up 532 points.

The markets hit upper circuit in the first 15 seconds of trade and will now re-open for trading at 10.55am, reports CNBC TV18.  The mood of the market clearly reflects the hopes of stability and reforms expected by the strong performance of UPA at the general elections. The new government, under leadership of Prime Minister Manmohan Singh, is expected to pass legislations relating to insurance, pension, labor, banking, etc.


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Stockmarkets Hit Upper Circuit Twice, Trading Halted For Day

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