Mumbai: As stock markets witnessed bloodbath on Monday, the Sensex recorded an intra-day fall of 1,200 points making it the biggest crash in about seven years and the fourth biggest ever for the BSE benchmark index.
Interestingly, eight out of the top-ten intra-day falls took place in the year 2008. Monday's fall is biggest since October 24, 2008.
The Indian rupee touched a fresh two-year low in early trade Monday following sharp sell-off in global markets as investors worldwide worried about Chinese economy. The currency has opened at 66.47 per dollar, the lowest level for the first time since September 2013, down 65 paise compared to 65.83 a dollar seen at Friday's close.
The market is expected to remain volatile in the near future as traders roll over their positions in the futures & options (F&O) segment from the near month August series to September. The near month derivatives is set to expire on Thursday.
Foreign investors sold shares worth Rs 2,340.60 crore last Friday, as per provisional data released. While, Domestic investors bought shares worth Rs 1524.10 crore.
Globally, Asian markets were deep in the red on worries over weakness in Chinese economy after a private survey on Friday showed that nations factory output fell to multi-year lows.
Key benchmark indices in Japan, Singapore, South Korea and Taiwan were down 3.20 per cent to 4.60 per cent. Indices in China and Hong Kong was down by 8.45 per cent and 4.45 per cent, respectively.
Following are the ten biggest ever intra-day falls for Sensex so far:
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