Markets used to crash, they are meant to slide and go up, thts why it is called trade... However The year of Saturn,2008, has been a sliding year for sensex.. It has falled a lot more time than it jumped up..
The sensex has become so sensitive to news tht Mr. Deepak Mohini who coined the word SENSEX is changin it to 'NEWEX'(NEWS SENSIVITY INDEX)....
Lets mark the biggest falls of SENSEX...
Date: April 28, 1992
Close: 3897
%Fall: 13
Date: May 17, 2004
Close: 4505
%Fall: 11
Date: Oct 24, 2008
Close: 8701
%Fall: 11
Date: May 12, 1992
Close: 3086
%Fall: 10
Date: October 15, 1990
Close: 1280
%Fall: 9
Date: January 21, 2008
Close: 17,605
Fall:
1408
Date: October 24
Close: 8701
Fall:
1071
Date: March 17,2008
Close: 14,809
Fall:
951
Date: March 3,2008
Close: 16,678
Fall:
901
Date: January 22,2008
Close: 16730
Fall: 875
Comments
Wht u say?