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Sensex rises 1,000 points in the morning due to a technical problem.
This article was posted on Jul 16, 2011 and is filed under Market News
It is nowadays rare to see a bull smile on Dalal Street. Friday was different, as the bulls saw a sudden 1,000-point Sensex rally flash on their screens. But before they could rejoice, it became clear that the reason was a technical glitch.
During the morning session, the 30-share Sensex of the Bombay Stock Exchange (BSE) zoomed to 19,619.65. This was 1,001 points, or 5.40 per cent, higher than yesterday’s close. But no sooner did this occur that the exchange realised it was due to a technical glitch and flashed a warning message on all its trading terminals. The Sensex ended the day with a marginal loss of 56.28 points. For more visit: Business Standard
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