BSE Sensex crashes by 1,000 points to dip below 9,000

Breaking News! The RBI's Credit Policy failed to bring cheer to the market, as the BSE Sensex crashed by over 1,000 points or over 10% to dip below 9,000 for the first time since 2006. The Nifty too crashed by 320 points. The BSE Sensex was trading on 8,788.67 points, while the Nifty was trading on 2,620.75 points at 3 PM. The Indian Rupee recovered slightly from 50.15 and was at 49.93 against the US Dollar at 3 PM.