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Sensex sheds 2,100 pts in 8 days

The 30-share index hit an intraday low of 9,826.91, registering a fall of 2,844 pts from its all-time high of 12,671.11.

india Updated: May 22, 2006 19:57 IST

The recent stock market meltdown, which has wiped off more than 2,100 points from the benchmark Sensex in just eight trading sessions, has reaffirmed the old saying that it takes years to build a castle and only seconds to ruin it.

The Bombay Stock Exchange's 30-share barometer index went crashing down nearly 1,112 points today to hit an intraday low of 9,826.91, registering a fall of 2,844 points from the index's life-time high of 12,671.11 scaled earlier this month on May 11.

While it took just seven trading sessions to erase all the gains off the all-time high in the Sensex, the benchmark index had taken 69 sessions to reach the record high since it had first reached today's intraday low.

Track the Sensex
Bloodbath at Dalal Street: Ten biggest falls
May 22, 2006: 10,481.77 - down 456.84 points

 
May 18, 2006: 11391.43 - down 826.38 points

 
April 28, 1992 3896.90 - down 570.42 points

 
May 17, 2004 4505.16 - down 564.71 points

 
May 15, 2006 11822.20 - down 462.91 points

 
May 22, 2006 10481.77 - down 456.84 points

 
May 19, 2006 10938.61 - down 452.82 points

 
April 04, 2000 4691.46 - down 361.48 points

 
May 12, 1992 3086.37 - down 333.68 points

 
May 14, 2004 5069.87 - down 329.60 points

 

The Sensex had first breached the 9,826-point level, today's low, on January 27, 2006.

While considering the closing levels, today's close of 10,481.77 points marks a plunge of 2,130.61 points in just eight trading sessions from the all-time closing high of 12,612.38 points recorded on May 10 this year.

However, the BSE benchmark index had taken 53 trading sessions to reach the 12,612.38 level after first crossing the 10,481-point level on March 1, 2006.

The recent crash in the stock market, which has seen the Sensex slipping below the 10,000-point mark today, has followed a sharp bull run on the bourses.

Earlier, the sensex had taken just 15 trading sessions in its 1000-point jump from 11,000 to 12,000 level and only 29 trading sessions to jump from 10,000-point level to the 11,000-point mark.

The Sensex had first breached the 10,000-point mark on February 6, 2006.

First Published: May 22, 2006 10:37 IST