The Bombay Stock Exchange benchmark Sens*x on
Monday crashed by 2050 points, the largest fall in a single day and
tumbled to a low of 16,963.96 on high volatility as investors panicked
following weak global cues amid fears of the US recession.
The
NSE Nifty fell by 714.70 points to 4990.30 points, down almost 12.5%.
Heavy selling by foreign institutional investors (FIIs) dampened the
market sentiment.
The Sens*x has been in the bear grip for the last five trading sessions with shares dipping to a two-month low.
On
October 17, 2007, the Sens*x plunged by 1,743 points. The Sens*x hit a
low of 17,307.90 points within minutes of opening, following which
trading was suspended in the market for an hour.
The markets
had crashed on the wake of Securities and Exchange Board of India's
(Sebi) proposal to tighten the rules for purchase of shares and bonds
in Indian companies through the participatory note (PN) route.
Here are the 10 biggest falls in the Indian stock market history:
May 18, 2006: The Sens*x registered a fall of 826
points (6.76 per cent) to close at 11,391, it's biggest ever, following
heavy selling by FIIs, retail investors and a weakness in global
markets.
April 28, 1992: The Sens*x registered a fall of 570
points (12.77 per cent) to close at 3,870, it's second-largest,
following the coming to light of the Harshad Mehta securities scam.
May 17, 2004: Another Monday. Sens*x dropped by 565
points, its third biggest fall ever, to close at 4,505. With the NDA
out of power and the Left parties, part of the UPA coalition
government, flexing their muscle, the Sens*x witnessed its
second-biggest intra-day fall of 842 points, twice attracting
suspension of trading. At close, however, it regained some of its lost
ground.
May 15, 2006: The market fell by 463 points to 11,822 points.
May 22, 2006: Sens*x slumped by 457 points to 10,482.
May 19, 2006: Sens*x slumped by 453 points to 10,939.
April 4, 2000: Sens*x slumped by 361 points to 4,691.
May 12, 1992: Indian stock markets plunged 334 points to fall to 3,086.
May 14, 2004: Sens*x lost 330 points to fall to 5,070.
May 6, 1992: Losing 327 points, the Sens*x fell to 3,561 points
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