The Sensex closed today (9th March 2020) at 35634.95. This is 5.17% down from its previous close. This is the 50th biggest intraday fall for the Sensex. Some articles have a misleading headline about this as the biggest fall! An analysis of falls as big or more than today.
It is also another 12/15 sequence. That is 12 negative closing out of the last 15 days. From 28th Feb 2020, this is the sixth such 12/15 sequence! This is the full list of the 50 biggest falls in Sensex history. Today’s fall is the 50th highest.
Date
Daily returns
08-Jan-82
-7.21%
16-Aug-85
-5.70%
30-Sep-85
-5.82%
07-Mar-86
-5.34%
11-Oct-90
-5.58%
15-Oct-90
-8.74%
22-Oct-90
-6.70%
12-Nov-90
-7.11%
29-Nov-90
-5.90%
18-Dec-90
-6.46%
07-Mar-91
-7.62%
10-Mar-92
-6.53%
28-Apr-92
-12.77%
29-Apr-92
-5.71%
06-May-92
-8.41%
11-May-92
-6.50%
12-May-92
-9.76%
15-Jul-92
-5.44%
10-Dec-92
-5.44%
01-Mar-93
-7.63%
09-Mar-93
-5.45%
16-Jan-97
-5.23%
31-Mar-97
-8.26%
15-Jun-98
-5.81%
05-Oct-98
-7.23%
17-Apr-99
-6.88%
04-Apr-00
-7.15%
17-Apr-00
-5.63%
02-May-00
-6.13%
24-Jul-00
-6.17%
22-Sep-00
-5.28%
13-Mar-01
-6.03%
14-Sep-01
-5.27%
17-Sep-01
-5.27%
21-Sep-01
-5.85%
14-May-04
-6.10%
17-May-04
-11.14%
18-May-06
-6.76%
21-Jan-08
-7.41%
17-Mar-08
-6.03%
06-Oct-08
-5.78%
10-Oct-08
-7.07%
15-Oct-08
-5.87%
17-Oct-08
-5.73%
24-Oct-08
-10.96%
11-Nov-08
-6.61%
07-Jan-09
-7.25%
06-Jul-09
-5.83%
24-08-2015
-5.94%
09-03-2020
-5.17%
Notice that last biggest fall came in Aug 2015 and before that in July 2009. The Sensex movement corresponding to these falls is shown below.
A plot of Sensex and daily return of less than or equal to five per cent
Falls of much bigger magnitude than today occurred much more frequently up to 2009. More such falls now and then is perhaps necessary to remind investors of stock market volatility. Interesting days ahead!
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Dr M. Pattabiraman(PhD) is the founder, managing editor and primary author of freefincal. He is an associate professor at the Indian Institute of Technology, Madras. He has over nine years of experience publishing news analysis, research and financial product development. Connect with him via Twitter or Linkedin or YouTube. Pattabiraman has co-authored three print books: (1) You can be rich too with goal-based investing (CNBC TV18) for DIY investors. (2) Gamechanger for young earners. (3) Chinchu Gets a Superpower! for kids. He has also written seven other free e-books on various money management topics. He is a patron and co-founder of “Fee-only India,” an organisation for promoting unbiased, commission-free investment advice.
Published by CNBC TV18, this book is meant to help you ask the right questions, seek the correct answers, and since it comes with nine online calculators, you can also create custom solutions for your lifestyle! Get it now. It is also available in Kindle format.
This book is meant for young earners to get their basics right from day one! It will also help you travel to exotic places at a low cost! Get it or gift it to a young earner.
This is an in-depth dive analysis into vacation planning, finding cheap flights, budget accommodation, what to do when travelling, how travelling slowly is better financially and psychologically with links to the web pages and hand-holding at every step. Get the pdf for Rs 199 (instant download)