Black Monday: BSE Sensex crashes on US Recession fears

There is a bloodbath on Dalal Street. The BSE Sensex crashed by over 2,000 points to reach below 17,000 and Nifty fell by over 700 points on a Black Mondy. The panic was attributed to the fear of recession in the US.

Later, the Sensex gained 500 points to surpass the 17,000 mark again. similarly Nifty gained 200 points. The Sensex had to stop trading for a while out of panic. Almost all shares have taken a downward turn.