The upper circuit in Nifty and Sensex (a sign of extreme euphoria) following the Congress Party's 2009 return to power with just 206 seats...hid one of India's biggest stock market scandals. On the election results day in 2009, a measly trading turnover worth less than USD 300 million (less than Rs 1500 crore then) had shut down a near trillion dollar market, without giving anybody a chance to buy or sell. What really happened now when the PM Modi-led alliance secured 293 seats?
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Lovely was appointed to the post in August 2023
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