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BSE Sensex crosses 14000 mark

This article was posted on May 18, 2009 and is filed under Market News

The Bombay Stock Exchange, BSE Sensex, which was halted for two hours, after it hurt the Upper Circuit for the first time in the Indian share market history, has gone up by 2099.21 points and hit another Upper Circuit after the resumption of trading at 11.55 AM. That forced the exchaneg authorities to halt the trading for the entire day. There will be no further trading today.

Earlier, Sensex and Nifty had hit the Upper Circuits, as soon as trading began this morning. The Sensex gained by 11%, resulting in halt in the trading. The market responded positively to the decisive win of the UPA Government at the Centre, which is all set to provide a stable government to the country, first time since 1991.

The BSE Sensex gained 17.24% or 2,099.21 points to close at 14,272.63 points, when the trading was halted. The Nifty too gained by 636.40 points to close at 4,308.05 points.

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