The Bombay Stock Exchange down over 900 points on 3rd March 2008 and closes over 300 points down on 4th March 2008

On 3rd March 2008, Monday the benchmark Sensex dropping over 900 points close below 17,000 level at 16,677.88 points and Nifty losing over 270 points to end below 5,000 level. Selling pressure emerged on reports of a weakening trend in global stock markets. Today 4th March 2008, the benchmark Sensex dropped another 338 points, The National Stock Exchange index Nifty also dropped by 88.75 points at 4,864.25, with banking stocks sliding on reports of ICICI Bank reporting a market to market loss of 264.34 million dollar.