As the investors from worldwide are worried about Chinese economy, markets witnessed bloodbath today, the Sensex recorded an intra-day fall of 1,153.16 points till noon, fourth highest ever recorded in history.
It is the biggest crash in about seven years and the fourth biggest for the BSE benchmark index Sensex. Today’s fall is biggest since October 24, 2008. Out of top ten intra-day falls, eight took place in the year 2008 when the global recession haunted all economies and markets alike.
The currency has opened at 66.47 per dollar as it is the lowest level for the first time since September 2013, another pointer at an inevitable downturn in the economy, markets and industry.
Here are some experts, while some of them on lighter side taking a dig at the government.
Lessons of Life : #Sensex is a great game of expectations. Goes up because many expect it 2 go up. And goes down because many expect it to.
— Shekhar Kapur (@shekharkapur) August 24, 2015
Two kinds of noisemakers around #Sensex crash – speculative and political. Ignore both and get on with investing.
— Gautam Chikermane (@gchikermane) August 24, 2015
The Dollar is already a respected senior citizen. It seems Modi Sarkar wants it admitted in their Margdarshak panel. #Sensex
— Sanjay Jha (@JhaSanjay) August 24, 2015
— Vikram Waman Karve (@vikramwkarve) August 24, 2015
The rate at which sensex is shedding points even poonam pandey would feel threatened as its faster than she shedding of her clothes #Sensex
— Awadhesh Jha (@Brokenbeowulf) August 24, 2015
— Dayashankar Mishra (@DayashankarMi) August 24, 2015
— कोमल 🙂 (@Komal_Indian) August 24, 2015