Stress Test Failure
On 17th May 2004, exactly five years ago, when the BJP-led National Democratic
Alliance (NDA) failed to return to power after high expectations, the market
swooned by 11.14%. On Monday 18th May the market opened up with a humungous gap
up when Congress was powerfully voted to power. But whether it is in our joy or
sorrow, stock exchanges seem unable to handle extreme price...
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