Markets crash, Sensex falls 1408 points

The index closed at 17,605.35, after moving between 18,919.57 and 16,951.50 points. It had shed a record 2062.20 in intra-day trade that saw it break three 1000-point barriers — 19,000, 18,000 and 17,000 points.

This was the longest six-day falling streak for the sensex, which has suffered a total loss of 3,170.08 points. It set an all-time high peak at 21,206.77 on January 10.

In similar fashion, the National Stock Exchange index Nifty suffered a record loss of 496.50 points, the biggest in the bourse’s history. It closed at 5208.80.