Tuesday, January 22, 2008
1 lakh crore is 10^12 (1 trillion)
MUMBAI: On Monday, headline writers were left desperately searching for a word that would capture the mind-moggling fall of the sensex...Plunge, plummet, free fall...Everything that had worked earlier now seemed so tame. Even bloodbath, carnage or mayhem wasn’t bloody enough. Till Monday, the steepest fall in the history of the sensex had been 826 points. A fall of over 2,000 points in the space of five hours was like the forces of gravity going into devilish overdrive. There was some rearguard action in the closing minutes of trading, but the full day’s loss was still a record-battering 1,408 points.