The Biggest Crashes in Indian Stock Market History
📉 The Biggest Crashes in Indian Stock Market History The Indian stock market has witnessed several historic crashes over the years, each caused by different factors—from scams and global crises to political surprises. These downturns have shaped investor behavior, regulatory policies, and market resilience. Let’s take a look at the biggest market crashes in India, including the recent worst 5-month losing streak in 29 years! 🚨 1. Harshad Mehta Scam (1992) – The Big Bang Crash 📅 Timeline: April 1992 📉 Sensex Drop: 50% in a year 💣 Cause: Stock market manipulation by Harshad Mehta using fraudulent bank receipts 🔎 Impact: SEBI strengthened stock market regulations The scam created an artificial bull run before crashing the market. This event led to major reforms in the banking and stock market system. 🌏 2. Asian Financial Crisis (1997) – Ripple Effect 📅 Timeline: July 1997 - January 1998 📉 Sensex Drop: ~40% 💣 Cause: Collapse of Asian economies (Thailan...