http://www.rediff.com/money/2005/aug/22guest2.htm
Check below article to understand how serious todays correction is !!! Literally Jaitley backstabbed Modi unknowingly, retail investors indirectly and ruined all Modis Enhanced stature in world arena !!
SENSEX SENSITIVITY
Event Year Movement in Sensex (points) Movement in Sensex (% change) Turnaround time (No. of days)
Rajiv Gandhi assassination 1991 -5 -0.4 1
Ayodhya demolition 1992 -146 -5.4 3
Mumbai riots begin 1993 -52 -2.1 1
Mumbai blasts 1993 60 1.3 NA
Nuclear explosion 1998 -77 -1.9 1
Orissa cyclone 1999 -175 -3.9 1
Earthquake in Gujarat 2001 -95 -2.2 1
Parliament suicide attack 2001 -35 -1.0 1
Godhra train incident 2002 -144 -3.9 1
Mumbai car bomb explosion 2003 148 3.6 NA
Iraq war starts 2003 207 2.1 NA
Tsunami strike 2004 15 0.2 NA
Mumbai floods 2005 53 0.7 NA
NA : Not Applicable since the Sensex had moved up when the incident occurred
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