February 6, 2008: Wall Street saw its worst share losses in almost a year, amid fears that the worst US housing slump in 25 years is crippling the wider economy.
On February 7 the Sensex closed with a loss of over 600 points at 17,527. The NSE Nifty closed with a loss of 190 points at 5,133.
February 10, 2008: Leaders from the G7 group of industrialised nations said worldwide losses from the US mortgage crisis could reach $400 billion.
Sensex shed 834 points to close at 16,631 on February 11.
February 12, 2008: Swiss bank Credit Suisse said losses on sub-prime investments were $1.8 billion. Sensex ends up 341 points.
February 13, 2008: Britain's Bradford & Bingley cut the value of its sub-prime mortgage-related investments by $284.5 million. Japan's financial watchdog said Japanese banks suffered losses of $5.6 billion by the end of 2007.
The Sensex closed with a huge gain of 817 points at 17,764 on February 14.
Image: Credit Suisse Bank in Geneva | Photograph: Fabrice Coffrini/AFP/Getty Images
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