The stock exchange
in Mumbai went totally berserk on Monday morning with the opening bell of the Stock Exchange. A once in a life-time experience was to be witnessed with both the BSE and NSE gained hugely in just the opening seconds of trade. The Sensex gained a mind-boggling 2110 points gain and the Nifty was not to be left behind with a massive 636 points gain leaving the entire investor committee dumbfounded and trying to gauge what exactly was happening. Eventhough the markets remained open only for a matter of seconds, the turnover in the exchange was to the tune of thousands of crores.
The confusion was aggrevated when suddenly the markets came to a grinding halt within seconds of the markets opening for trade. The stock exchange had breached the upper circuit and trade was halted for 2 hours, owing to the 15% rise in the index over the previous closing. The huge zoom was attributed to the investors confidence returning with the elections results declared over the weekend and the assurance of a government consisting of a single large party (NDA) being formed.
Such was the anticipation from the investors that when the markets opened for the second time at 11:55 am, the 20% second circuit was also broken and as per SEBI's guidelines, trading has to be halted for the day. Some critics were also of the view that such circuit breakers are detrimental to the natural flow of things and must be avoided. But, SEBI has made it clear that the regulations is for the investors benefits and will stay for days to come. Speculations are ripe among the citizens with some even quoting it as the end of the slowdown for India and the world from the economic downturn.
Things look very good for the markets tomorrow and some are even speculating on a similar tale for the markets on Tuesday too. One may argue that the investors who missed out due to the trade halting very soon on Monday will try to make amends on Tuesday, thereby triggering another circuit breaker
in a row. The investors surely have their fingers crossed over tomorrow's trading trends
Read more: http://www.bukisa.com/articles/96433_sensex-zooms-with-a-2000-gain-bringing-in-upper-circuit-breaker#ixzz0w6c5rzZr
in Mumbai went totally berserk on Monday morning with the opening bell of the Stock Exchange. A once in a life-time experience was to be witnessed with both the BSE and NSE gained hugely in just the opening seconds of trade. The Sensex gained a mind-boggling 2110 points gain and the Nifty was not to be left behind with a massive 636 points gain leaving the entire investor committee dumbfounded and trying to gauge what exactly was happening. Eventhough the markets remained open only for a matter of seconds, the turnover in the exchange was to the tune of thousands of crores.
The confusion was aggrevated when suddenly the markets came to a grinding halt within seconds of the markets opening for trade. The stock exchange had breached the upper circuit and trade was halted for 2 hours, owing to the 15% rise in the index over the previous closing. The huge zoom was attributed to the investors confidence returning with the elections results declared over the weekend and the assurance of a government consisting of a single large party (NDA) being formed.
Such was the anticipation from the investors that when the markets opened for the second time at 11:55 am, the 20% second circuit was also broken and as per SEBI's guidelines, trading has to be halted for the day. Some critics were also of the view that such circuit breakers are detrimental to the natural flow of things and must be avoided. But, SEBI has made it clear that the regulations is for the investors benefits and will stay for days to come. Speculations are ripe among the citizens with some even quoting it as the end of the slowdown for India and the world from the economic downturn.
Things look very good for the markets tomorrow and some are even speculating on a similar tale for the markets on Tuesday too. One may argue that the investors who missed out due to the trade halting very soon on Monday will try to make amends on Tuesday, thereby triggering another circuit breaker
in a row. The investors surely have their fingers crossed over tomorrow's trading trends
Read more: http://www.bukisa.com/articles/96433_sensex-zooms-with-a-2000-gain-bringing-in-upper-circuit-breaker#ixzz0w6c5rzZr
