Oct 24, 2008: Sensex opened with a negative gap of 237 points at 9,535 and closed with the lower limit of 10.96% at 8,702.� Since the 10% ciruit break is hit after 2:30pm sensex was not closed down. (As per the rule - Circuit Breaker System)Nitfy touched the low of 13.90% at 2,584.
Given Reason:
- RBI"s Credit Policy announcement
- FII Outflow"s
- FIIs to reverse short positions, says FM
- So far this year, FIIs have sold a record over $12 billion in Indian markets out of their nearly $34 billion investment made in the past three years. Borrowed overseas, stocks worth Rs 1,000 crore have been short sold in the domestic market between October 10 and 17, causing over 12 per cent fall in benchmark indices.
Hitting the Lower Circuit
2008: This was the fourth instance that the market hit 10% lower circuit. Reason for the crash subprime, Global markets are falling for the past 15 days.
2007: Third occurence - Due to P-Note issue - The Sensex lost 25% and the Nifty was down 28% from their life-time highs - BSE SENSEX Crashes by 1743 Points on a Single Day - 17 October 2007
2004: Second occurence - When the NDA government lost to the Congress in Election
1992: First occurence - It was during the Harshad Mehta scam.
March 17, 2008: The Bombay Stock Exchange benchmark Sensex crashed by 951 points to close at 14,809 on weak cues from the overseas markets. Unabated selling saw the index slip below the 15,000-mark.
March 3, 2008: The Bombay Stock Exchange benchmark Sensex witnessed its second-largest fall ever losing 900.84 points to
close at 16,677.88 on frantic selling by funds, triggered by deepening
concern over United States recession and some Budget-related concerns.
Jan21, 2008:Sensex saw the biggest absolute fall in history, shedding 2062 points intra-day. It closed at 17,605.35, down 1408.35 points or 7.4 percent. It fell to a low of 16,951.50.
Oct17, 2007: The Sensex registered�crash of 1744 point or around 10 percent during the intial trading hours touching the low of 17,307.90�but bounced back stongly.
May 18, 2006: The Sensex registered a fall of 826 points (6.76 percent) 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 Sensex registered a fall of 570 points (12.77 percent) 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. Sensex 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 Sensex 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: Sensex slumped by 457 points to 10,482.
May 19, 2006: Sensex slumped by 453 points to 10,939.
April 4, 2000: Sensex slumped by 361 points to 4,691.
May 12, 1992: Indian stock markets plunged 334 points to fall to 3,086.
May 14, 2004: Sensex lost 330 points to fall to 5,070.
Given Reason:
- RBI"s Credit Policy announcement
- FII Outflow"s
- FIIs to reverse short positions, says FM
- So far this year, FIIs have sold a record over $12 billion in Indian markets out of their nearly $34 billion investment made in the past three years. Borrowed overseas, stocks worth Rs 1,000 crore have been short sold in the domestic market between October 10 and 17, causing over 12 per cent fall in benchmark indices.
Hitting the Lower Circuit
2008: This was the fourth instance that the market hit 10% lower circuit. Reason for the crash subprime, Global markets are falling for the past 15 days.
2007: Third occurence - Due to P-Note issue - The Sensex lost 25% and the Nifty was down 28% from their life-time highs - BSE SENSEX Crashes by 1743 Points on a Single Day - 17 October 2007
2004: Second occurence - When the NDA government lost to the Congress in Election
1992: First occurence - It was during the Harshad Mehta scam.
March 17, 2008: The Bombay Stock Exchange benchmark Sensex crashed by 951 points to close at 14,809 on weak cues from the overseas markets. Unabated selling saw the index slip below the 15,000-mark.
March 3, 2008: The Bombay Stock Exchange benchmark Sensex witnessed its second-largest fall ever losing 900.84 points to
close at 16,677.88 on frantic selling by funds, triggered by deepening
concern over United States recession and some Budget-related concerns.
Jan21, 2008:Sensex saw the biggest absolute fall in history, shedding 2062 points intra-day. It closed at 17,605.35, down 1408.35 points or 7.4 percent. It fell to a low of 16,951.50.
Oct17, 2007: The Sensex registered�crash of 1744 point or around 10 percent during the intial trading hours touching the low of 17,307.90�but bounced back stongly.
May 18, 2006: The Sensex registered a fall of 826 points (6.76 percent) 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 Sensex registered a fall of 570 points (12.77 percent) 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. Sensex 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 Sensex 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: Sensex slumped by 457 points to 10,482.
May 19, 2006: Sensex slumped by 453 points to 10,939.
April 4, 2000: Sensex slumped by 361 points to 4,691.
May 12, 1992: Indian stock markets plunged 334 points to fall to 3,086.
May 14, 2004: Sensex lost 330 points to fall to 5,070.
