Indian Stock markets witnessed sharp upswing with BSE Sensex and NSE Nifty hitting upper circuit twice. This has happened first time in Indian Stock markets. The trading volume was only Rs 1000 crore as the trading was halted both times due to sharp rise in stock prices.

Nirmal Bang Market Report

Welcoming UPA's win in the general elections, markets opened on a very optimistic note triggering of circuit breakers for the first time ever. At the beginning of today's trade at 9:55 am, the markets were locked at 15% upper circuit and exchanges halted the trade for two hours. The trading on the BSE and NSE has been halted for the full day as the markets hit the 20 % circuit breaker after they reopened at 11:55 am. The Sensex zoomed 2111 points to 14,284. The Nifty touched 4,308 up 17.3 % or 636 points. Among the benchmark indices, the BSE Midcap was up 447 points or 11.75% and the Smallcap Index rose 9.05% or 387 points. Total volumes traded on both exchanges were at Rs 3100 crore.

Movers & Shakers

On the sectoral indices front, the BSE realty index jumped 15.8 %. DLF p 25%, HDIL up 28.7% and IBREALESTATE was up 30%.

The BSE bankex rose 13.6 %. SBI up 18%, ICICI BANK up 729%, AXIS Bank was up 21.5%.

The BSE capital goods index surged 12.3%. BHEL up 18% and LT up 26%.

The BSE metal index surged over 12.3 %. Tata Steel up 16%, Sesa Goa up 15%, Sail 20% and STER up 17%.

The oil & gas index on the BSE advanced 11.9 %. Reliance up 19%, ONGC up 13% and RPL up 20%.

Among the Sensex stocks, BHEL rose 32.7 % to Rs 2,266 and the L&T advanced 29.5 % to Rs 1,280. DLF and ICICI Banks also jumped over 25 % each. Reliance Industries also surged 22.8 % to Rs 2,393.