Monday, May 18, 2009

Indian Markets on a "HIGH"

Indian markets have given a Thumbs Up to the Congress led collation which is all set to form the next government.
So positive is the market, that NSE has hit not one, not two, but the maximum permissible circuits of three.
As per the NSE ,index based market wide circuit breaker system shall apply at three stages of the index movement either way at 10% (300pts), 15% (450pts) and 20% (600pts).
We sincerely hope that the government will continue with the growth programs that it had started in their last term and may even take a few bold measures, considering it almost got the absolute majority without the help of the LEFT parties which are traditionally opposed to any development.

Markets are closed for the day and will reopen tomorrow.

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