In numbers: The COVID-19 pandemic

Data | Where does the March 9 market crash rank among the biggest falls in Sensex history?

A stockbroker reacts as he watches the Bombay Stock Exchange (BSE) index on a trading terminal in Mumbai, India, Monday, March 9, 2020.

A stockbroker reacts as he watches the Bombay Stock Exchange (BSE) index on a trading terminal in Mumbai, India, Monday, March 9, 2020.   | Photo Credit: AP

The unprecedented crash came amid fears of a meltdown of global markets due to the COVID-19 outbreak

The Indian benchmark Sensex witnessed its biggest ever fall in absolute terms on Monday, March 9. The crash came amid fears of a global market slowdown due to the COVID-19 outbreak.

Among the factors that led to the unprecedented crash is a weakening rupee. The Monday meltdown in the Sensex was accompanied by steep falls in many global markets.

Also read: Editorial | Market mayhem: on Sensex single-day fall

Sensex drops in absolute terms

The chart plots all single-day Sensex falls of over 400 points. The benchmark index witnessed its biggest single day fall on absolute terms, of 1941.67 points, on Monday.

image/svg+xml 0 -500 -1000 -1500 -2000 1985 1990 1995 2000 2005 2010 2015 2020 Aug. 24, 2015: Sensex dropped 1,624 points owing to a stalling Chinese economy and a slump in crude oil prices Jan. 21, 2008: Sensex tanked by 1,408 points following signs of a global recession -1,941.67
 

Also read: Editorial | Viral economies: On coronavirus impact

Sensex drops in percentage terms

The chart plots all single-day Sensex falls of over 3%. On Monday, the Sensex fell 5.17%, the biggest crash in percentage terms in the last five years.

image/svg+xml -4 -6 -8 -10 -12 1985 1990 1995 2000 2005 2010 2015 2020 -5.17% April 28, 1992: The biggest drop in % terms (12.7%) after the Harshad Mehta securities scam was unearthed May 17, 2004: Sensex fell by 11.14% at the cusp of change in government Oct. 24. 2008: BSE fell by 10.96% amid the global financial crisis
 

Weakening rupee

The chart plots daily closing values of the Indian rupee against the U.S.$ since 1994. The rupee closed at a 16-month low on Monday.

image/svg+xml 35 45 55 65 75 Jan. 1994 Dec. 2008 Mar. 2020 73.95 Exchange rate
 

Also read: Analysis | Coronavirus pits Russia, Saudi Arabia and the U.S. — world’s top energy producers — in a destructive price war

Global markets fall

The Sensex crash as global markets are tumbling across Americas, Europe and Asia. The graphs shows fall on Monday in % terms.

image/svg+xml Index Change (%) Euro Stoxx 50, Eurozone -8.33% Dax, Germany -7.89% FTSE 100, U.K. -7.88% S&P 500, U.S. -7.29% BSE Sensex, India -5.17% Nikkei 225, Tokyo -5.07% Hang Seng, Hong Kong -4.23% CSI 300, Shanghai -4.23% Kospi, S. Korea -4.19%
 

Source: BSE Sensex, Bloomberg, IMF

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Printable version | Apr 2, 2020 3:12:26 AM | https://www.thehindu.com/data/data-where-does-the-march-9-market-crash-rank-among-the-biggest-falls-in-sensex-history/article31041583.ece

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