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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 years

Updated on: Jan 22, 2008 11:34 AM IST
Reuters | By , Bangalore
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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.

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HT Image

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.

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.

 
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