Stock Market Bloodbath: From COVID Lockdown to Hindenburg, Relive the Worst Crashes in Indian History
The Indian stock market is no stranger to volatility, but some crashes have left indelible marks on the financial landscape. As investors navigate the current market fluctuations, history serves as a reminder of the times when the Sensex and Nifty crumbled like a house of cards. From global recessions to sudden geopolitical shifts, the journey of Dalal Street has been a rollercoaster of high stakes and deep valleys.
One of the most catastrophic days was March 23, 2020, when the COVID-19 pandemic triggered a nationwide lockdown, causing the Sensex to tank by a staggering 3,934 points in a single session. Similarly, the 2008 global financial crisis and the 1992 Harshad Mehta scam are etched in history as periods of massive wealth destruction. Most recently, the ‘Hindenburg Research’ report on the Adani Group sent shockwaves through the exchange, wiping out billions in market capitalization. While these crashes cause temporary panic, historical data shows that the Indian market has consistently demonstrated the resilience to bounce back stronger.