Falls in Sensex History

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: Secondï 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.

Thanks for nice post.
While reading this post, I thought, whats new in this post. Today, everybody is talking about bear market and worst days/ worst fall etc. We seems to have forgotton about Bulls all togather. So, to do justice to other player in the market, I googled to find biggest SENSEX rise, related data. To my surprise, I couldn't find any collection (probably my googling is not good enough). So I did some data crunching (using data till 1997) myself and listed the days when SENSEX had biggest rise (in terms of point and %).

To my curiosity to get answer of the question "Is human reaction stronger for fear or greed ?". I took the average of the data. And to my surprise, there is no significant differnece in average of biggest fall or average of biggest rise. But, if media /internet coverage can be taken as barometer, then IMO, fear is stronger then greed.

Appreciate your views ?

Happy Trading.

to summaries above...falls-followed-by-rise and rise-followed-by-fall data..

Well summarised. If we place the fall of friday 24/Oct in that list, then we have 2 big red days. And most of the time in history, 2 big red days were followed by big green day of 5% to 6%.

So, are we sitting on the corner to see such a green day again ?

I won't be surprised if we have that in next week around option expiry day or in first week of Nov when funds start shopping. Next week is also filled with various reports (US home sales, consumer confidence, durable goods, ) and Fed decision on rate on 29th-Oct.

Hold on to the nerves. Another volatile week to come (IMO)..

Happy Trading

The biggest falls in sensex history
________________________________________
jan 21, 2008 --- 1,408.35 points
mar 3, 2008 --- 900.84 points
jan 22, 2008 --- 875.41 points
feb 11, 2008 --- 833.98 points
may 18, 2006 --- 826.38 points
mar 13, 2008 --- 770.63 points
dec 17, 2007 --- 769.48 points
oct 17, 2007 --- 717.43 points
jan 18, 2007 --- 687.82 points
nov 21, 2007 --- 678.18 points
may 15, 2006: ----463 points
may 22, 2006: ----457-points
may 22, 2006: ---457 points
may 18, 2006--- 826 points
may 19, 2006: ---453 points
may 17, 2004-----565 points
april 4, 2000-----361 points
april 28, 1992:-- 570 points
may 12, 1992-----334 points