<p>Dalal Street waved red flags through the day as the Sensex crashed over 3,200 points intraday and the Nifty fell by 950 points, their biggest single-day fall historically amid global sell-offs over virus fears on March 12.</p>.<p>The Sensex closed at 32,778 points, 2,919 points or 8.18% lower. The markets recovered in the last hour of trade as the benchmark index pared losses by nearly 500 points.</p>.<p>The blue-chip index Nifty 50 fell 868 points and settled at 9,590 or 8.3% lower. The massive sell-off was mainly attributed to panic over the novel coronavirus pandemic as investors parked their funds in safe havens. </p>.<p>Markets recorded their biggest single-day decline on March 12 with the Sensex plunging 3,204 points and Nifty50 falling 950 points amid a global rout of falling stock prices.</p>.<p><strong>Here are five other historic market falls from the past:</strong></p>.<p>1. On March 9, 2020, the Sensex plunged by 1,941.67 points and Nifty50 was down 538 points as Saudi Arabia declared an all-out oil price war. Crude oil prices plummetted over 30% and US stocks nosedived so quickly that an automatic halt in trading was triggered for the first time in over two decades.</p>.<p>2. On Aug. 24, 2015, the Sensex fell by 1,624.51 points after the global markets crashed and the rupee tumbled. The same year on Jan. 6, the market crashed by 854.86 points.</p>.<p>3. On Feb. 28, 2020, the Sensex fell by 1,448.37 points after the global markets witnessed a crash on the back of slowdown concerns due to the coronavirus outbreak.</p>.<p>4. On Jan. 21, 2008, amid global worries over the slowing economic progress, the Sensex fell by 1,408.35 points. It was the year of the global financial crisis as sub-prime lending defaults led to the collapse of many US banks.</p>.<p>5. On Oct. 24, 2008, the Sensex fell 1,071 points, a month after the collapse of Lehman Brothers, as more and more financial institutions crumbled.</p>
<p>Dalal Street waved red flags through the day as the Sensex crashed over 3,200 points intraday and the Nifty fell by 950 points, their biggest single-day fall historically amid global sell-offs over virus fears on March 12.</p>.<p>The Sensex closed at 32,778 points, 2,919 points or 8.18% lower. The markets recovered in the last hour of trade as the benchmark index pared losses by nearly 500 points.</p>.<p>The blue-chip index Nifty 50 fell 868 points and settled at 9,590 or 8.3% lower. The massive sell-off was mainly attributed to panic over the novel coronavirus pandemic as investors parked their funds in safe havens. </p>.<p>Markets recorded their biggest single-day decline on March 12 with the Sensex plunging 3,204 points and Nifty50 falling 950 points amid a global rout of falling stock prices.</p>.<p><strong>Here are five other historic market falls from the past:</strong></p>.<p>1. On March 9, 2020, the Sensex plunged by 1,941.67 points and Nifty50 was down 538 points as Saudi Arabia declared an all-out oil price war. Crude oil prices plummetted over 30% and US stocks nosedived so quickly that an automatic halt in trading was triggered for the first time in over two decades.</p>.<p>2. On Aug. 24, 2015, the Sensex fell by 1,624.51 points after the global markets crashed and the rupee tumbled. The same year on Jan. 6, the market crashed by 854.86 points.</p>.<p>3. On Feb. 28, 2020, the Sensex fell by 1,448.37 points after the global markets witnessed a crash on the back of slowdown concerns due to the coronavirus outbreak.</p>.<p>4. On Jan. 21, 2008, amid global worries over the slowing economic progress, the Sensex fell by 1,408.35 points. It was the year of the global financial crisis as sub-prime lending defaults led to the collapse of many US banks.</p>.<p>5. On Oct. 24, 2008, the Sensex fell 1,071 points, a month after the collapse of Lehman Brothers, as more and more financial institutions crumbled.</p>
