Indian Markets to open for trade at 10:55 as circuit filters hit

The Indian Markets opened big bang as expected and hit the upper circuit filter in just few seconds after market opened. The resounding victory of Congress led UPA front in the parliamentary elections have been given a big thumbs up by the markets.

The BSE Sensex hit the upper circuit of 13479.39, up by 1305.97 points or 10.73% compared to its close of 12173.42 on Friday.

The NSE S&P CNX NIFTY hit the upper circuit of 4203.30, up by 531.65 points or 14.48% compared to its close of 3671.65 on Friday.

The stock markets are halted for trading on hitting the circuit filter and will open for trading again at 10:55 AM. The NSE and BSE are discussing on extent of trading halt as NSE S&P CNX NIFTY has already neared the second upper circuit filter of 15%.

Source : Equity Bulls

Keywords