Sensex creates history by gaining 2110 pts

by khalid on 19/05/2009 · 0 comments

Golden Monday

Golden Monday

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.

Never before has the BSE benchmark Sensex seen such a short but steep ride in 20 seconds of its opening. Both the benchmark indices Sensex and Nifty hit the upper circuit in a flash and then trade had to be halted for two hours till 11:55 am.

In one single day, both the becnhmark indices had gained more than 17 per cent – a level not seen since September 2008. The biggest gainer was Indiabulls Real Estate with a 33 per cent gain.

So, as Dr Singh takes control of India’s economy will sanity return to the Sensex, one hopes so. Will the Sensex create history once again in 24 hours, not so sure, but May 18 is definitely now in the history books with two upper circuits in just one day.

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