Is October a market crash month? 1929 crash to Black Monday 1987 - Why October scares equities, stocks investors
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓The Indian stock market entered October by recording its longest eighth straight weekly loss.
- ✓This streak for Nifty and Sensex is the longest in 25 years.
- ✓Investors remain cautious as October is infamous for historic crashes like Black Monday in 1987 and the Wall Street crash of 1929.
Story at a Glance
- Category
- MARKET
- Reported By
- Livemint
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
The Indian stock market entered October by recording its longest eighth straight weekly loss. It was the longest such streak of Nifty and Sensex in 25 years. The sharp decline on Thursday came as stock market investors entered October, which is infamous among global investors for incidents like Black Monday stock market crash in October 1987 and the Wall Street crash of 1929.
As October begins, let’s revisit some of the biggest stock market crashes in October and understand how Nifty and Sensex have performed in the month over the last ten years.
The Black Monday stock market crash
The Black Monday stock market crash occurred on October 19, 1987. The Dow Jones Industrial Average fell nearly 22% in a single day. The catastrophic fall marked the largest single-day percentage drop in the US stock market history. As per media reports, the stock market crash in October wiped out nearly $ 500 billion in market capitalisation in the US alone.
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