Last Updated on December 29, 2021 at 5:27 pm
The Sensex today (19th March) fell a further 2% to close on 28288.23. A month ago (19th Feb) it closed at 41323 – a fall of 31.54% – the fourth-lowest rolling monthly return.
If you are worried (as you should be) about the ongoing crash there here is a FAQ: Should we exit from equity mutual funds now to prevent further loss? Yesterday we reported that the Sensex lost 30% twice as fast as 2008 crash! This is the graph updated as on 19th March.
This crash is now just as fast to 68% fall as the Harshad Mehta scam. Now if we plot monthly returns (rolling 20 business day) that are less than or equal to -30% we have this. When plotted in normal scale, we can appreciate how scary the current fall is.
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These are the previous occasions. The two dates in Oct 2008 are closely spaced because we consider rolling returns.
Date Monthly Returns (20 business day)
01-Jun-92 -0.33
24-Oct-08 -0.34
27-Oct-08 -0.35
19-03-2020 -0.32
At the rate at which Sensex is falling, we might see a couple of more -30% ish data points added.