Indian Share Markets boosts to the top

Sensex creates history! zooms 2,100pts
In an extraordinary growth, trading in the Indian stock markets had to be halted within minutes of opening because they hit the index based market wide circuit filter limit.

As per the rule, if there is a 20% progress in either of the two levels, trading has to be halted for the rest of the day. Thus, with the Nifty rolling more than 700 points, it breached the 20% limit, forcing the establishment to suspend trading for the day.

While the benchmark Sensex ended the day up a whopping 2,099 points (17.2%), Nifty closed the day with gains of 636 points (up 17.3%).

The BSE Mid Cap and Small Cap indices surged 12% and 9% correspondingly. While all the sector stocks had a field day, gains in banking and real estate really stood out.

Most of the Asian markets are also trading in the profit currently. Rupee was trading at 47.99 against the US $ at the time of writing.

With the Indian population giving a clear consent to the Congress led UPA and its alliance partners, it was being probable that the stock markets would receive a big boost. But what transpired today must have left even the nearly all bullish of investors out of breath. For the first time ever in the Indian stock market history, trading had to be balanced for the day as the benchmark Nifty breached the 20% circuit filter. And the public meeting was not just limited to a few stocks. There wasn’t a single stock on the Sensex that ended the day in the negative, with more than a third of the stocks bagging gains of more than 20% and 75% of the remaining cutting up gains between 10% and 20%. With the government widely look forward to pull out the 'reform' sprite out of the bottle, stocks from sectors like Infra, banking and real estate where improvements are badly needed, really hit through the roof.