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Jayanta Mallick

Kolkata , Dec. 12

Today's 404 points drop on the Sensex was the third biggest single day decline in its history.

The fall of 826 points on May 18 was the sharpest this year. This was also the all-time biggest slip for the 30-share index. On May 15, the Sensex had declined by 463 points, the second biggest of 2006. The Sensex had one more fall, fourth in the pecking order this year on April 12 when it dipped by 306 points.

The year of Harshad Mehta, 1992, had seen three big falls - on April 28 by 570 points, on May 12 by 334 points and on May 6 by 327 points.

Among the top-10 one-day drops so far on the most referred Indian equity index, 2004 hosted two - 330 points on May 14 and another 565 points on May 17, while 2000 hosted one - on April 4 by 361 points and 1997 one - on March 31 with a fall of 303 points.

In terms of quantum of fall, 2006 has already proved to be year of greatest falls for the Sensex.

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