Black Monday - Biggest ever Point Fall for Share Market
It was a highly dramatic and scary day for markets as markets saw their biggest ever fall. Sensex and Nifty down almost 12% at one point of time. Sensex went below 17,000 mark during the course of the day and Nifty sub 5000 mark.
BSE was shut for a brief period of time however it resumed trading immediately. Later it recovered Sensex recovered 700 points from the day’s low. and finally Nifty closed down 8.5% and Sensex was down 7%.
Before this the markets saw the second highest point fall on May 18, 2006; Sensex was down 826 pts (6.76%) on account of Government circular on taxing investment gains; heavy selling by FIIs, retail investors and a weakness in global markets.
Today Sensex was down -1408 points and nify was down -496.50 points. Today’s top losers were Reliance Energy, ACC, Bajaj Auto, NTPC.
Now after closting the market Sensex is at 17605+ Point and Nify at 5208+ Point.