Feb 25, 2022
By: Bhakti MakwanaCredit: BCCL/Canva
Sensex crashed 13 percent on the day as the COVID-19 pandemic escalated resulting in many deaths worldwide.
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Sensex slipped nearly 13 percent as an aftermath of a stock market scam, of around ₹5,000 crore, carried out by broker Harshad Mehta.
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The great recession triggered by the 2008 global financial crisis led Sensex to fall nearly 11 percent resulting in its third biggest fall ever.
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Around 8 percent fall in the Indian benchmark index was triggered by growing uncertainties due to the COVID-19 pandemic.
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Sensex tumbled 8 percent on the day as investors realised that the coronavirus lockdowns are here to stay for long.
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Markets turned volatile and Sensex slumped 7 percent as investors feared that the US may be slipping into a recession.
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The US housing bubble, which began in 2006 due to subprime mortgage loans resulted in the real estate market collapsing and homeowners defaulting on their loans. Sensex dropped nearly 7 percent on these concerns.
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Sensex fell 6 percent on weak global cues that slipped on the realisation that the US banks had provided loans to many non-creditworthy individuals. And now borrowers were defaulting one by one.
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Sensex had recorded one of the worst falls of nearly 6 percent on this day triggered by rising crude oil prices and slump in Chinese markets.
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Sensex slipped 6 percent on this day ahead of US election results that showed Donald Trump in the lead.
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Equity markets across the world fell significantly on news of Russia declaring a war on Ukraine.
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