A strong reason why the Indian stock markets rose on Monday that is re arrival of Congress.
Congress made people happy as India voted for it. I was really excited my portfolio was almost 32% up in a single day.
Markets were merely open for some 50 seconds and caught upper circuit.
It first opened at 9.55 and closed in just half a minute. Later it opened again at 11.55 and closed back in some 20 seconds giving 18% odd gains. No one was able to book profits as the volumes were low.
Yesterday the bulls beated the bear giving maximum gain during a day.
Today we witnessed high volatility. But we saw a highest turnover during the trading hours both in cash as well in F&O.
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Yes it was good that UPA came and markets rose. I was in losses now they are partially covered.
Lets see how it goes further, a day or two would not show much. Hope that the COngress with a better majority this time does something better for economy & nation too.
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