Investors wealth down by Rs 6.6 lakh cr2008-01-21 17:00:58 Source : MC

It was a highly dramatic and scary day for markets as markets saw their biggest ever fall. It was the worst day of trading in our trading history as the pace of the fall was unnerving. We started weak and with heavy bouts of selling was seen during the day with Sensex and Nifty down almost 12% at one point of time. Sensex went below 17,000 mark during the course of the day and Nifty sub 5000 mark.

BSE was shut for a brief period of time however it resumed trading immediately. Later it recovered Sensex recovered 700 points from the day's low and finally Nifty closed down 8.5% and Sensex was down 7%. Finally Sensex shut shop down 1,408.35 points or 7.41% at 17605.35, and the Nifty down 496.50 points or 8.70% at 5208.80.

It was perhaps most scary day for the investors who lost over Rs 6.6 lakh crore of market capitalization in just single day. Market capitalization of all the companies listed on the BSE was Rs 6617501.33 crore as on 18^th January closing and Rs 5953525.87 crore on 21^st January closing. So overall the investors lose Rs 663975.46 crore in just one trading day.