MUMBAI: The Sensex was celebrating the Lok Sabha victory of UPA on Monday. It seemed like the marketmen were waiting for only this move. All the major sector-indices were trading in the positive zone. The Bombay Stock Exchange benchmark Sensex jumped 2099.21 points at 14,272.63 and the Nifty gained 636.40 points at 4,308.05. Total volumes traded on both exchanges were at Rs 3100 crore. This comprised of Rs 2800 crore from the NSE F&O segment, Rs 300 crore from NSE & BSE cash segments.
The previous close on Friday was 12,173.42. The Sensex regained the 13,000 level for the first time since September 18, 2008. This was the first time that the Sensex surpassed the 13,000 mark and the Nifty crossed the 4000 level.
Trading halted for the day: The market authorities decided to close trading for the day as the markets hit 20% upper circuit. After the five minute trading, the Sensex re-opened at 11:55 am.
The benchmark indices locked at upper circuit. The BSE and NSE have decided that the trade will start at 11:55 am (i.e. after two-hour halt). In the first 30 seconds of trade, the Sensex crossed the 13,000 mark and inched up towards 14,000 level. Huge upsurge of 420 points or 11.4% in the SGX Nifty was suggesting the same trend. The 50-share NSE Nifty was up 531.65 points or 14.48% at 4,203.30 and the 30-share BSE Sensex surged 1,789.88 points or 14.70% to 13,963.30. Less than Rs 1000 crore of trade was seen in the cash and F&O segment.
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