Stock Market Rise by 20% after Lok Sabha Election

The trading on the BSE and NSE was halted for the full day as the markets hit the 20 per cent circuit breaker after they reopened at 11:55 am. The Sensex zoomed 2,110 points to 14,284 while the Nifty touched 4,323, up 651 points. This is for the first time that trading was halted for the full day on the BSE and the NSE. The near-decisive mandate for the UPA in the polls brought cheers on the Dalal Street, with investors hoping for a stable government that would take more steps to restore the India growth story again.

The markets had hit the upper circuit within minutes after opening and then trade had to be halted for two hours till 11:55 am. And when trading resumed again, it hit the circuit breaker again. On the sectoral indices front, the BSE realty index jumped 15.8 per cent and the BSE bankex rose 13.6 per cent. The BSE capital goods index and the BSE metal index surged over 12.3 per cent each. The oil & gas index on the BSE advanced 11.9 per cent.