The Bombay Stock Exchange's 30-share barometer index went crashing down nearly 1,112 points on Friday to hit an intra-day low of 9,826.91, registering a fall of 2,844 points from the index's life-time high of 12,671.11 scaled earlier this month on May 11.
Sensex crashes by 1,112 points; recovers
While it took just seven trading sessions to erase all the gains off the all-time high in the Sensex, the benchmark index had taken 69 sessions to reach the record high since it had first reached today's intra-day low.
The Sensex had first breached the 9,826-point level, today's low, on January 27, 2006. While considering the closing levels, today's close of 10,481.77 points marks a plunge of 2,130.61 points in just eight trading sessions from the all-time closing high of 12,612.38 points recorded on May 10 this year.
The Sensex's rise and fall: Coverage
However, the BSE benchmark index had taken 53 trading sessions to reach the 12,612.38 level after first crossing the 10,481-point level on March 1, 2006.
The recent crash in the stock market, which has seen the Sensex slipping below the 10,000-point mark today, has followed a sharp bull run on the bourses.
Earlier, the Sensex had taken just 15 trading sessions in its 1000-point jump from 11,000 to 12,000 level and only 29 trading sessions to jump from 10,000-point level to the 11,000-point mark. The Sensex had first breached the 10,000-point mark on February 6, 2006.
