Biggest Fall in Indian Markets - MARKETS - MAY - MANIA - MAYHEM

[vengabeats]

The Indian Markets were bleeding on Thursday after the seeing the bulls rampage for the past few months. The markets are jittery from the begining of this week with Monday a BLACK MONDAY, since the markets fell 463 points.

The markets created history with the biggest 10 falls in its history has occurred in all days of the week. Thursday was eluding the market with all the other working days of the week have seen steep falls. But, Thursday had been waiting to become numero uno. The target was achieved on Thursday (May 18, 2006) with Sensex plunging 826.38 points its biggest ever single day fall.

1. May 18, 2006 (TERRIBLE THURSDAY) - The Sensex tanked 826.38 points (6.7%) to close at 11391.43, biggest ever fall in its history.
2. April 28, 1992 (TREMOR TUESDAY) - The Sensex fell 570 points (12.77 per cent) to close at 3870. Its second-largest fall due to Harshad Mehta securities scam.
3. May 17, 2004 (BLACK MONDAY or MONDAY MANIA) - Sensex down by 565 points when the election results showed market-friendly NDA government the door. Its third biggest fall ever. The markets fell 842 points during intraday trading and twice trading was suspended as the ciruit filters were breached.
4. May 15, 2006 (BLACK MONDAY or MONDAY MANIA) - The market fell by 463 points to 11822 points. Another Monday.
5. April 4, 2000 (TREMOR TUESDAY) - Sensex tanks by 361 points to 4691.
6. May 12, 1992 (TREMOR TUESDAY) - Indian stock markets plunge 334 points to 3086.
7. May 14, 2004 (FRIDAY FURY) - Sensex lost 330 points, falls to 5070.
8. May 6, 1992 (BLACK MONDAY or MONDAY MANIA) - Losing 327 points, the Sensex fell to 3561.
9. April 12, 2006 (WORST WEDNESDAY) - Sensex loses 306 points, at 11356.
10. March 31, 1997 (BLACK MONDAY or MONDAY MANIA) - Sensex loses 303 points, at 3361.

Source: Equity Bulls