Why BSE Sensex crashed 1408 points today
This is the historical fall of BSE Sensex in a single day and tumbled to a low of 16,963.96 on high volatility as investors panicked following weak global cues amid fears of the US recession. Relentless selling in the last session saw the index tumble to a low of 16,951 – down 2,063 points (10.8%) from the previous close. (Since the index had dropped over 10% after 1400 hrs, the circuit limit was placed at 15%. Bargain hunting at lower levels saw the index recover some ground, and finally end at 17,605 – down 1,408 points (7.4%); the biggest-ever loss in absolute terms and also the first-ever four digit loss for the index.
| Index Value: | 17,605.35 |
| Trade Time: | 5:28AM ET |
| Change: |  1,408.35 (7.41%) |
| Prev Close: | 19,013.70 |
| Open: | 18,919.57 |
| Day’s Range: | 16951.50 – 18919.57 |
| 52wk Range: | 12,316.10 – 21,206.80 |
Equities came off the lows of the day, but remained under pressure due to the global weakness. Real Estate, metal and capital goods were the biggest loser
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