Sensex tumbled 52.

44 pc
in 2008
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ENS Economic BureauPosted: Jan 01, 2009 at 0012 hrs IST

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Related Stories:Sensex snaps seven-day slide; Asia, Europe recover lossesSensex plunges to 3-year lowDying stock
market powered golden streak in IndiaSensex fall continuesSliding Sensex closes below 9K

Mumbai: Dalal Street’s five-year old bull run ended on Wednesday (December 31) as the
barometer Sensex lost 10,639.68 points, or 52.44 per cent in the calendar year 2008 from
its close of 20,286.99 on December 31, 2007, thanks to the global financial crisis.
The BSE Sensex saw a sustained bull run in the past five years — gaining 47.10 per cent in
2007, 46.7 per cent in 2006, 42.3 per cent in 2005, 13.1 per cent in 2004, 73 per cent in
2003 and 3.52 per cent in 2002.
On Wednesday, the BSE Sensex bid adieu to 2008 with a loss of 68.85 points or 0.71% at
9647.31, shedding 178.59 points from the day’s high. “The market lost more than half its
value in 2008. This is its worst performance in the last 15 years. The outlook remained
downbeat in the near term on dismal corporate earnings outlook,” said BSE dealer Pawan
Dharnidharka.
The Sensex is 11,559.46 points, or 54.50 per cent, below its all-time high of 21,206.77
struck on January 10, 2008. The S&P Nifty Index lost 3,179.45 points or 51.79 per cent in
2008.
Rupee falls over 23%
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The Indian rupee fell 23 per cent in 2008, its biggest yearly fall since the early 1990s, as
foreign fund withdrawals from the stock market and a widening trade deficit weighed. The
rupee closed at 48.70/72 per dollar on Wednesday, weaker than its Tuesday’s close of
48.47/49. The rupee was quoted at around 39.40 on December 30, 2007.

Sensex plunges to 3-year

low
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ENS Economic BureauPosted: Nov 21, 2008 at 2330 hrs IST

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Related Stories:Sensex snaps seven-day slide; Asia, Europe recover lossesDying stock market powered golden streak in
IndiaSensex fall continuesSliding Sensex closes below 9KDalal St slide continues

Mumbai, November 20: Weak global markets pulled the domestic bourses down for the
seventh consecutive trading session on Thursday. The BSE 30-share Sensex lost another
323 points, or 3.68 per cent, to 8,451.01 — its lowest in three-years.

“Worries of a deep global recession and fears that there could be another wave in the global
credit crisis hit the sentiment,” said a dealer. With Thursday’s fall, the Sensex is down
2,085 points or 19.79 per cent in the last seven trading sessions from 10,536.16 on
November 10, 2008.
The realty sector was the top loser again, shedding another 8 per cent on speculation in
global markets of a fresh wave in the credit crisis.
In volatile trading, the market cut losses in the last 20 minutes of trade as bank shares
recovered on rate cut hopes. Earlier, an intraday recovery from a steep slide had proved
short-lived. “The fall in Inflation has raised hopes the central bank will cut interest rates
further to shield the domestic economy from the global economic slowdown. But we are
cautious on short-term,” said a fund manager.
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The broader 50-share S&P Nifty index of the NSE also tumbled by 81.85 points or 3.11 per
cent to close at 2,553.15 from its last close.

Despite the government’s confidence-building exercise in the past several weeks, investors
looked worried about the future of the market, as the recession continued to spread to
world’s major economies. Market players said the dismal US economic data and the Federal
Reserve’s decision to lower the US growth forecast for 2009 almost endorsed worries that
the financial crisis could pull the global economy deeper into recession.
Asian shares tumbled as economic data indicated a global recession could get even uglier.
In Japan, the Nikkei 225 average slumped nearly 7 per cent as exports registered a biggest
annual decline in seven years in October 2008. Key benchmark indices in Hong Kong, South
Korea, Singapore, China and Taiwan were down by between 1.67 per cent to 6.7 per cent.
Earlier, triggering the fall in Asia, US stocks plunged to their lowest in five-and-a-half years
on Wednesday as investors girded for a lengthy economic downturn and automotive
executives predicted a far-reaching calamity without a Government lifeline. The Dow Jones
industrial average had tumbled 427.47 points, or 5.07 per cent, to 7,997.28, creating panic
in other emerging markets, including India.