Sensex tanks nearly 24% in October 2008

October 2008 was a very bad month for stock market investors, as the BSE 30-share Sensex declined 3,072.37 points, or 23.89%, to 9,788.06 in the month. The barometer index is down 10498.93 points or 51.75% in the calendar year 2008 so far from its close of 20,286.99 on 31 December 2007. It is 11418.71 points or 53.84% below its all-time high of 21,206.77 struck on 10 January 2008.