Trading halted for the day as mrkt hits another upper circuit at 11.55am
And what a circuit breaker! Earlier, the markets opened for some 30 seconds and it hit the upper circuit. BSE stated that it was up 1789.88 points when it opened for trading and the NSE opened 531 points up, soon after which it once again breached the second circuit limit. This led to the halt of trading for two hours and the market was scheduled to re-open for trading at 11.55 am. And then, when the market re-opened at 11.55am, within a few seconds, the BSE was up 2099 points and the Nifty was up 636 points and that was done for the day. Trading was halted for the day!
What you have to do in current bullish market?
If one looks beyond the UPA win, the fundamentals of India's economy and the world economy remains the same. One has to take a bullish but cautious approach to the markets now. No need to rush in to book profits as the bull charge has not even got down to the mid caps. There is a lot of money waiting to come to the market, so stay invested for now and don't rush.
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The BSE Sensex gained 17.24% or 2,099.21 points to close at 14,272.63 points, when the trading was halted. The Nifty too gained by 636.40 points to close at 4,308.05 points.
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Check wiki for few questions like, what is upper circuit?, when upper circuit is applied? Why upper circuit is implemented?
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