Both BSE and NSE created history today. Within seconds of the market opening the trading was stopped because of hitting the upper circuit. The trading was halted for 2 hours. On resumption of trading at 11.55 a.m. the market had hit the another upper circuit there by halting the trading for the rest of the day.
The markets are optimitistic about the election outcome. Its time to expect economic reforms to speed up so that the buoyancy level can be maintained.However, IMF has predicted 4.5% growth for the current fiscal which is lower than the last fiscal of 5.1%.
Hold on. Could this be a blip?. Can we say that the market has reacted in a positive way to the Government-in-waiting.
