5 Biggest Stock Market Crashes In India

1. Covid Outbreak 2020

The Covid-19 pandemic was one of the biggest disruptions humanity has ever faced. It impacted several aspects of human life, including the global economy

In March 2020, the Indian stock market experienced a sharp decline, with the Sensex dropping from 42,273 to 28,288 in just one week, following the WHO's declaration of Covid-19 as a pandemic 

2. Demonetization 2016 

On November 8, 2016, the Indian government announced the demonetization of ₹500 and ₹1,000 notes, which led to a sharp downturn in the stock market

This announcement caused the Sensex to fall by 6%, triggering a market crash 

3. Yuan Devaluation and Brexit 2015

In 2015, Indian Economy was affected by two factors: the devaluation of China's currency, the Yuan, and the UK's decision to exit the European Union (Brexit) 

Following these events, On August 24, 2015, the Sensex experienced a significant drop of 6%, wiping out ₹7 lakh crore of market wealth

4. Global slowdown

In 2008, the global recession affected economies worldwide, and the Indian stock market was not immune. This day is often referred to as Black Monday among investors 

On January 21, 2008, the Sensex dropped by around 1,408 points, erasing a significant amount of market wealth. 

5. Harshad Mehta Scam 1992

Harshad Mehta, known as the "Big Bull" of Dalal Street, was involved in a massive stock market scam in 1992 

When the scam was uncovered, the Sensex plunged by around 2,000 points