new Delhi. Indian equity benchmarks Sensex (Sensex) and Nifty 50 (Nifty 50) have suffered major losses after the gap-down opening on Monday. The reason is the rise in crude oil prices due to Russia’s attack on Ukraine (Russia-Ukraine Crisis). Crude oil has gone above the mark of $130 per barrel in the midst of the Russia-Ukraine war. Not many new investors would have seen such a fall. So today we are giving you information about the biggest and catastrophic falls in world history.
Panic of 1907
This is known as the Bankers’ Panic of 1907 (1907 Bankers’ Panic). This event is the first major and famous example of a mass market collapse. Stock prices on the New York Stock Exchange (NYSE) fell by nearly 50 percent after the Knickerbocker Trust Company manipulated the prices of copper shares. This incident happened in the midst of economic recession and due to this there was an atmosphere of fear in the market on a large scale.
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Wall Street Crash in 1929
After 10 years of continuous market prosperity, the beginning of the 1930s was scary. Economic growth of 10 years is known as Roaring Twenties. As the US economy was reaching its peak, its momentum slowly shifted and contraction began. Due to this, such incidents went on one after the other, due to which the Dow Jones Industrial Average fell by more than 12 percent on October 25, 1929. It was called “Black Friday”. For nearly a decade, the fear spread in large parts of the capitalist economic system led to political changes leading to the Second World War.
Black Monday of 1987
Another severe fall occurred on October 19, when the Dow Jones Industrial Average fell more than 22 percent. This fall of 508 points is recorded as the biggest decline in a day in percentage terms. That event came to be known as Black Monday or Black Monday. Although there was fear in the market and it was understood that a similar decline could happen again, but the US market had improved a lot the next day.
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global financial crisis of 2007
The biggest drop in the market in a millennium was seen in October 2007. The failure of many financial institutions came to the fore in America and after that there was an earthquake in the markets. The tremors did not take long to spread to Europe and other parts of the world, causing a sharp drop in stock prices. The market continued to fall until mid-2009, when US indices fell more than 50 percent.
coronavirus crisis in 2020
In February-March 2020, the stock markets around the world fell significantly due to fears of the coronavirus pandemic. At the beginning of March 2020, there was tension in the global markets, as the corona is spreading to many more countries.
Tags: Russia ukraine war, Share market
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