Sensex down 1625 points, Nifty down 490points, Rupee touches fresh two-year low Monday August 24,2015

 

As a result, the Nikkei in Japan and Hang Seng in Hong Kong too crashed over 4.5% each

Along with stocks, several emerging market currencies competed with each other in their race to the bottom while the dollar and the Japanese yen rallied.

Sensex down 1000 points, Nifty down 300 points

The market has opened with big gap down on carnage across the globe as investors worried over Chinese economic growth.

The Sensex fell over 1,000 points to 26,359.53; and the Nifty also dipped below the 8,000-level by tumbling 309.05 points, or 3.72 % to 7990.90 in early trade.

All 50 constituents of Nifty were in red with

Tata Motors and ONGC losing the most up to 6 %

In the biggest single day fall ever, benchmark Sensex on Monday Aug 24,2015 crashed over 1625 points to end at 25,741 amid a global rout.

 The Nifty index of NSE also slumped over 490 points to end at 7,809

The 50-unit Nifty fell below the psychological 8,000-mark, while Sensex was seen moving close to 26,000

Foreign funds took a record Rs 5,275 crore out of Indian stocks

The sensex crashed a record 1,625 points to 25,742, a one-year low level, leaving investors poorer by Rs 7 lakh crore (over $100 billion) while the rupee closed at a two-year low of 66.65 to a dollar

The total investor wealth, measured in terms of collective value of all listed stocks, fell to Rs 95.29 lakh crore at the end of Monday's trading session -- down from Rs 102.33 lakh crore at the end of last trading session on Friday Aug 21,2015

When the total market valuation of all listed firms at the BSE first hit Rs 100 trillion on November 28, 2014, it had marked ten-times rise in little over a decade.

BSE is among the world's ten largest exchanges in terms of market value, while it is the largest globally for number of firms listed on its platform. It has over 4,000 actively traded companies and nearly 2.7 crore investors trading on it.

The total market cap is still nearly double the level of about Rs 50 lakh crore in 2009, while it is still about ten-times of the Rs 10 lakh crore level scaled in 2003.


It was a 'Black Monday' again in markets on Monday and history shows that seven out of the ten biggest carnages on Dalal Street has taken place on a Monday!

Out of ten intraday fall, six were on Mondays, two were on Fridays, one each on Tuesday and Wednesday

This strange coincidence holds true for biggest crashes in terms of intra-day movements as well as the closing levels of the market benchmark Sensex.

The Sensex on Monday Aug 24,2015 closed for the day at 25,741.56, down 1,624.51 points -- marking the biggest ever mauling it has received historically.

The second highest closing fall for the markets was also on a Monday, January 21, 2008, when it closed for the day down 1,408.35 points.

March 17, 2008, a Monday again, saw a decline of 951.03 points, the third highest and March 3, 2008, which was also a Monday incidentally, saw a fall of 900.84 points, the fourth highest on record.

Out of the ten biggest falls at closing levels, seven has been on Mondays, two on Thursdays and one on Tuesday.

In terms of intra-day crashes, Monday's 1,624.51 points fall is the third biggest ever since the 2,272.93 points fall on January 22, 2008 and 2,062.20 points in January 21 (a Monday).



 Major markets around the world suffered bruising losses

All of the main US indices closed down more than 3 percent on Friday, the fourth consecutive day of falls. The Dow Jones Industrial Average closed down 531 points, or 3.1 percent, to 16,460 – the S&P 500 lost 3.2% to 1,971 and the Nasdaq closed down 3.5% to 4,706
The Dow Jones index has lost about 10% from its record closing high on 19 May, mean it is entering a correction – a fall of at least 10% from a recent peak. The Dow has not fallen into correction territory since October 2011.
Last week, the Dow Jones in the US fell 6%

Major markets around the world suffered bruising losses as investors worldwide became increasingly concerned about Chinese economy

Both France's Cac 40 and Germany's Dax indexes lost 7% of their value last week. 

Stocks had already fallen sharply in Europe, Asia and Australia. In London, the FTSE 100 closed down 180 points, or 2.8%, to 6,187 – the lowest it has been in 2015 and the biggest one-day fall since October 2014. The UK index closed down for nine straight sessions – its longest losing streak since 2011. The FTSE 100 has fallen by 5.6% this week

Rupee touches fresh two-year low

The Indian Rupee has touched a fresh two-year low in early trade Monday August 24,2015 following sharp sell-off in global markets as investors worldwide worried about Chinese economy.

The Indian Rupee 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.