5 Biggest Crashes on Dalal Street

By Sheetal Kumari | March 3, 2025

MC Desk | April 8, 2025

5 Biggest Crashes on Dalal Street

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Stock broker Harshad Mehta was accused of taking money using fake bank receipts (BRs) and pumping it into shares, inflating stock prices by a staggering 4,400%.

The Harshad Mehta scam 1992

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(Image: Canva)

Stock markets massively crashed, and on April 28, 1992, Sensex fell nearly 13%. The Sensex tumbled nearly 56% between April 1992 and April 1993, and it took the stock market nearly two years to recover from the crash.

Impact

(Image: Canva)

(Image: Canva)

The most brutal crash occurred in 2008 when the collapse of US banking giant Lehman Brothers sent shockwaves across global financial systems.

Lehman Brothers collapse 2008

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(Image: Canva)

Sensex fell 7.4% on January 21, 2008 as the global financial crisis unfolded. Sensex, Nifty, and Nifty 500 each plunged over 60% from their yearly peaks as the selloff intensified later.

Impact

(Image: Canva)

(Image: Canva)

Sensex crashed over 39% in 2 months.

COVID-19 market crash, 2020

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(Image: Canva)

On Counting Day, June 4, stocks suffered their worst intraday fall since March 2020, with NSE Nifty 50 index ending down 5.93% and Sensex falling 5.74%.  

Election Day result, 2024

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(Image: Canva)

The markets had tumbled after BJP fell short of getting a majority on its own. The results were unexpected as many exit polls had predicted that BJP would come back to power with a big margin.

Reason

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(Image: Canva)

Sensex tumbled 4% to hover around 72,485. Nifty meanwhile fell nearly 1,000 points to stand at nearly 22,000.

Trump’s reciprocal tariff 2025

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Next: Why India’s IT Sector Is Feeling the Heat Amid US Tariff Worries
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