On Monday, the BSE index, after a sorry start, extended losses in the latter part of the trading day, as cues from the European market too were nothing to cheer about. The BSE benchmark index touched a low of 25,625 towards the fag end of the day.
The Sensex finally ended with a huge loss of 1,625 points (6 percent) at 25,742. It's biggest single-day loss since ... 6 July, 2009 when the index had fallen 6.5 percent.
The NSE Nifty opened gap-down 245 points at 8,055, and soon fell below its physchological 8,000-mark for the first time in two months. The Nifty collapsed to a low of 7,769 and eventually ended with a huge loss of 491 points (5.9 percent) at 7,809.
The India VIX (Volatility) index zoomed over 64 percent to 28.13 - its biggest-ever single day spike so far.