The formation of a stable government by the UPA has created history in the Indian stock market. The bulls are racing high in the early trade today. The Sensex hit a 10.73 per cent peak and the nifty is comfortable at 14.4 percent. Though lows have been marked many times, this is the first time the Indian stock market has touched the upper circuit.

The Sensex stands at 14,785.39 plus 1,305.97 points and the Nifty is at 4,203.30 plus 531.65 points. The market has come to a stand still and will resume after 11.55 a.m it is expected. If the Sensex increases by 1450 points by 2 p.m the market will be halted for the day and similarly if the Sensex increases by 975 points between 1 p.m and 2.30 p.m the trading would be halted for 30 minutes.

Some of the major gainers are L&T at Rs 1,185, R Com and Reliance Infra up by 19.5 per cent, ICICI Bank up by 17.5 percent standing at Rs 675 and Reliance stands at Rs 2,200 up by 12.9 per cent.