The Sensex has hit circuits on four occassions — including 18th May 09 — in the past five years. However, on all three instances Sensex was locked at 10% lower circuit. This time it is upper circuit and 20%, boom boom.
May 18, 2009: The UPA’s (United Progressive Alliance) clean sweep win has cheered the markets and helped the benchmark indices to hit 20% upper circuit today.
Jan 22, 2008: This was the latest instance, when the market hit 10% lower circuit. The reason for the down circut was subprime loss & dismal global markets cues.
Oct 17, 2007: The BSE Sensex crashed by 1743 points on 17 October 2007. The crash was led due to concerns of the Securities and Exchange Board of India (SEBI) issuing new guideline for P-Notes
May 17, 2004: The markets crashed 5 years back when the then incumbent National Democratic Alliance (NDA) alliance lost power during the general elections in 2004.Google+