Sensex up 2100pts; No more trading today

Breaking news comes from the Indian stock market. Trading has been halted for the day at BSE as well as at NSE because Nifty breaches 20% upper circuit.

In the morning the trading was halted at the BSE and NSE for two hours. For the first time in Indian stock markets history the benchmark indices hit the upper circuit. It hit within a minute of opening of trade.

BSE Sensex was up 10.73% before a temporary halt to trade. Sensex crosses 13,000 points, Nifty up by over 500 points.

With UPA getting close to a clear majority in the 15th Lok Sabha, economic reforms are being projected to get pace in all the sectors said a leading broker. He also said that it was expected that stock markets would react positively to the political developments, especially the formation of a stable government.

The markets opened today for the first time after the election results were announced on Saturday.