Factbox: Indian shares fall 11 pc in worst intraday plunge
Here is a list of the biggest one-day losses on Indian share indexes in recent yearsbusiness Updated: Jan 22, 2008 11:34 IST
Indian shares tumbled almost 11 per cent to a four-month low on Monday, suffering their largest intraday points fall on margin calls and foreign selling, before paring their losses to end down 7.4 per cent.
Here is a list of the biggest one-day losses on Indian share indexes in recent years:
April 28, 1992 - India's leading stock index, the BSE index or Sensex, lost 570 points or 14.63 per cent, the first day of trading after a week-long boycott by brokers.
March 31, 1997 - The Sensex fell 302 points or 9 per cent closing at 3,360.89 when the Congress party withdrew support to the ruling United Front government.
May 17, 2004 - The Sensex crashed by more than 565 points or 12.53 per cent, amid fears a new government backed by left-wing parties would halt the privatisation of government-run companies. The crash wiped out $27 billion in investor wealth.
May 18, 2006 - The Sensex fell 826 points or 6.8 per cent to close at 11,391 following heavy selling by foreign institutional investors, retail investors and weak global markets.
May 22, 2006 - India's main stock exchanges halted trading for an hour with the Sensex falling 10.2 per cent to 9,826.91 points as brokers dumped stocks held on clients' behalf to cover margin requirements.
Oct 17, 2007 - Proposals by market regulators to curb foreign investors led to the Sensex tumbling 1,744 points or about 9 per cent, halting trade in main stock exchanges for an hour.
Jan 21, 2008 - Shares tumbled almost 11 per cent, in the largest intraday points fall on margin calls and foreign selling. The Sensex ended down 7.41 per cent at 17,605.35 points.