The Sensex crashed by over 1,400 points on February 28, 2020, and Nifty registered the worst weekly loss since 2009. The bloodbath has been primarily attributed to the spread of coronavirus across the globe. Sell-off was seen across sectors. Here are some of the major single-day crashes in the past that you should know about. (image: PTI)
2/11
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.
3/11
Date: February 28, 2020 | Sensex fell by 1,448.37 pts | Reason: Indian indices fell tracking global markets on the back of slowdown concerns due to coronavirus outbreak (Image: PTI)
4/11
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.
5/11
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
6/11
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
7/11
Date: February 11, 2016 | Sensex fell by 807.07 pts | Reason: Indian market fell amid global rout raising fears for the financial sector
8/11
Date: July 08, 2019 | Sensex fell by 792.82 pts | Reason: Increased volatility and rising interest rates
9/11
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
10/11
Date: September 22, 2011 | Sensex fell by 704.00 pts | Reason: Fresh concerns about a slowdown in the US
11/11
Date: August 13, 2019 | Sensex fell by 623.75 pts | Reason: Sell-off in global markets
