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Sensex Biggest Single Day Loss

Current context: Sensex and Nifty declined to clock their biggest single-day losses (in terms of points) ever on 9th March 2020.
Sensex Biggest Single Day Loss

  • While Sensex declined to 1,941 points, Nifty declined to 538 points on the same day.
  • All Sensex stocks closed in the red, whereas on Nifty, 46 stocks closed in the red.
  • The sharpest fall was registered in banking, consumer durables, metal and oil and gas stocks.
  • The previous biggest fall for Sensex was on 24th August 2015 when the index closed 1,624 points lower at 25,741.
  • The major factors for the downfall are coronavirus outbreak, plunging of Crude oil prices to 31% after Saudi Arabia slashed prices and set plans for a big increase in crude production and a steep fall in US Bond Yields.

Question: 

Q.1 The biggest single-day losses (in terms of points) ever for Sensex and Nifty was registered on?
a. 1st March 2020
b. 21st January 2020
c. 9th March 2020
d. 2nd December 2019
Sensex Biggest Single Day Loss Sensex Biggest Single Day Loss Reviewed by Neha Verma on March 10, 2020 Rating: 5

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