*The 10 biggest falls in Sensex history*
The Sensex and Nifty saw its biggest ever loss on Monday. Relentless selling
saw the index crash to a low of 16,951 - down 2,063 points (10.8%) from the
previous close, the largest ever loss in a single day.
The index shed *1408.35 *points (7.1%) to close at *17,605.40, *the
biggest-ever loss in absolute terms and also the first-ever four digit loss
for the index.
The Nifty lost 496.50 points (8.70%) to close at 5,208.80 points.
The Sensex saw its second biggest intra-day loss on October 17, 2007, when
it plunged by 1,743 points. The Sensex 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:*
*Jan 21, 2008*: The Sensex saw its highest ever loss of *1,408* points at
the end of the session on Monday. The Sensex recovered to close at 17,
605.40 after it tumbled to the day's low of 16,963.96, on high volatility as
investors panicked following weak global cues amid fears of the US
recession.
*May 18, 2006*: The Sensex registered a fall of *826* points (6.76 per cent)
to close at 11,391, following heavy selling by FIIs, retail investors and a
weakness in global markets. The Nifty crashed by 496.50 points (8.70%)
points to close at 5,208.80 points.
*
December 17, 2007*: A heavy bout of selling in the late noon deals saw the
index plunge to a low of 19,177 - down 856 points from the day's open. The
Sensex finally ended with a huge loss of *769* points (3.8%) at 19,261. The
NSE Nifty ended at 5,777, down 271 points.
*October 18, 2007*: Profit-taking in noon trades saw the index pare gains
and slip into negative zone. The intensity of selling increased towards the
closing bell, and the index tumbled all the way to a low of 17,771 - down
1,428 points from the day's high. The Sensex finally ended with a hefty loss
of *717 *points (3.8%) at 17,998. The Nifty lost 208 points to close at
5,351.
*January 18, 2008: *Unabated selling in the last one hour of trade saw the
index tumble to a low of 18,930 - down 786 points from the day's high. The
Sensex finally ended with a hefty loss of *687 *points *(*3.5%) at 19,014.
The index thus shed 8.7% (1,813 points) during the week. The NSE Nifty
plunged 3.5% (208 points) to 5,705.
*November 21, 2007: *Mirroring weakness in other Asian markets, the Sensex
saw relentless selling. The index tumbled to a low of 18,515 - down 766
points from the previous close. The Sensex finally ended with a loss of *678
*points* *at 18,603. The Nifty lost 220 points to close at 5,561.
*August 16, 2007*: The Sensex, after languishing over 500 points lower for
most of the trading sesion, slipped again towards the close to a low of
14,345. The index finally ended with a hefty loss of *643 *points at 14,358.
*April 02, 2007: *The Sensex opened with a huge negative gap of 260 points
at 12,812 following the Reserve Bank of India decision to hike the cash
reserve ratio and repo rate. Unabated selling, mainly in auto and banking
stocks, saw the index drift to lower levels as the day progressed. The index
tumbled to a low of 12,426 before finally settling with a hefty loss of *617
*points (4.7%) at 12,455.
15,344 amid weak trends in the global market and slipped deeper into the
red. Unabated selling across-the-board saw the index tumble to a low of
14,911. The Sensex finally ended with a hefty loss of *615 *points at
14,936. The NSE Nifty ended at 4,346, down 183 points. This is the third
biggest loss in absolute terms for the index.
*April 28, 1992*: The Sensex registered a fall of *570* points (12.77 per
cent) to close at 3,870, following the coming to light of the Harshad Mehta
securities scam.
Source:-Live stock watch(G Group)
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