How much did the Indian stock market crash in 2020?
On 12 March 2020, the Sensex fell by 2,919. Nifty-50 broke down by 868. World Health Organization (WHO) declaring Coronavirus outbreak as pandemic. Sensex ended to 33-month low of 32778. March 16, 2020, saw the Sensex tumble 8. The Sensex recorded an intraday decline of 10. Friday, March 13, 2020, falling to 29,389. Thursday, March 12, 2020, witnessed the Sensex plummeting 8.What is Sensex? Sensex, short for Sensitive Index, is India’s oldest and most widely tracked stock market index. It serves as the barometer of the Indian stock market, comprising 30 of the largest, most liquid and financially sound companies listed on the Bombay Stock Exchange (BSE).
How much did the Indian market crash in 2020?
COVID-19 Crash (2020) In March 2020, the Sensex fell by over 38% in just 40 days. Yet, this crash also taught investors an important lesson: markets recover. By February 2021, the Sensex had bounced back over 68%, proving that long-term patience often pays off. On 20 February 2020, stock markets across the world suddenly crashed after growing instability due to the COVID-19 pandemic. The crash ended on 7 April 2020.The sudden drop in late February was attributed to fears that China could produce a global economic shock, primarily due to quarantines imposed by the state to combat the COVID-19 pandemic, which at the time was classified as an epidemic. Within weeks, stocks fell sufficiently enough to enter bear market territory.During the crash, there were multiple severe daily drops in the global stock market, the largest drop was on 16 March, nicknamed ‘Black Monday II’ of 12–13% in most global markets.
What was the stock market at the end of 2020?
The benchmark Standard & Poor’s 500 index finished with a gain of 16. The Nasdaq composite, powered by highflying Big Tech stocks, soared 43. The Dow Jones industrial average gained 7. Apple and Microsoft leading the way. Topline: The market boomed in 2019, with major indexes hitting numerous record highs as stocks posted their best annual return in six years, thanks to the U. S. Wall Street.