It was never predicted by analysts. Neither was it screened by the exit poll cameras. But it happened. The thing, which happens in a century in any stock market, happened in the Indian stock market. Indian stock indices surged 20 per cent in one day. On May 18, the Bombay sensitive index or Sensex surged 2111 points in a single day. This was the greatest in the history of Bombay stock exchange. Trading had taken place for just below two minutes and halted for the whole day due to aggressive buying. This was a clear indication that United Progressive Alliance (UPA) government’s policy will be in favour of markets. Market believes that the disinvestment policy will get a clear green signal. UPA is going to take the reins of the country without the support of the Left parties. That also gave some sort of relief to market men.
Predictions are touching the skies now. Some predict that Sensex will break the last record of 21,000 and then it will head towards the 35,000 mark. Some predict even higher figures. The two days after the ‘Golden Monday’ were not very bright. Huge volatility was witnessed on Tuesday and on Wednesday indices closed in red. Huge profit booking is taking place in the market. But analysts calculate that this will not last long and market will surge with in no time.