On March 9, 2020, Sensex posted biggest one-day fall ever in absolute terms closing lower by 1,941 pts at 35,634. The major reasons for the fall were — massive fall in global crude oil prices, developments in Yes Bank case and fears over the spread of coronavirus. Here are some of the major single-day crashes in the past that you should know about. (Image: PTI)
Date: March 9, 2020 | Sensex fell by 1,941.67 pts | Reason: Global oil prices plunged, and coronavirus-related fears lingered on. On March 6, 2020 sensex fell by 894 pts and same year on February 28 it fell by 1,448.37 pts.(Image: PTI)
Date: August 24, 2015 | Sensex fell by 1,624.51 pts | Reason: Global markets crashed and rupee tumbled. The same year, the market crashed by 854.86 pts on January 6.
Date: January 21, 2008 | Sensex fell by 1,408.35 pts | Reason: Global worries over slowing economic expansion | Since it was the year of global crisis, big US banks went bankrupt. This year also witnessed many biggest falls of 1,070.63 pts, 951.03 pts, 900.84 pts, 875.41 pts on Oct 24, 2008, Mar 17, 2008, Mar 03, 2008 and Jan 22, 2008, respectively.
Date: February 01, 2020 | Sensex fell by 987.96 pts | Reason: Broad-based selloff after the Union Budget for 2020-21 failed to live up to market expectations
Date: February 02, 2018 | Sensex fell by 839.91 pts | Reason: Stricter tax rules for stock investments and the easing of fiscal deficit in the Union Budget
Date: February 11, 2016 | Sensex fell by 807.07 pts | Reason: Indian market fell amid global rout raising fears for the financial sector
Date: July 08, 2019 | Sensex fell by 792.82 pts | Reason: Increased volatility and rising interest rates
Date: August 16, 2013 | Sensex fell by 769.41 pts | Reason: Concerns about US stimulus withdrawal and rupee plunging to record low of 62 against the USD
Date: September 22, 2011 | Sensex fell by 704.00 pts | Reason: Fresh concerns about a slowdown in the US
Date: August 13, 2019 | Sensex fell by 623.75 pts | Reason: Sell-off in global markets. (Image: Reuters) Note: Updated slideshow on March 9, 2020 with the latest development.
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