Wild swings in stock markets this year match 2008 financial crisis levels

27 sessions in H1CY20 saw over 3% swing

This year has been nothing short of a roller coaster for those dealing in the stock markets. Consider this: The benchmark Sensex has seen daily swings of more than 3 per cent — the difference between day’s high and low — in 27 of 123 trading sessions this year, so far. That’s more than a fifth of the sessions. In comparison, such sessions in the first half of the past 10 calendar years have been a cumulative 22.  

Last time, the market witnessed such wild swings was during the 2008-09 Global Financial Crisis (GFC). In the first half of 2008