MUMBAI: Memories from a viral outbreak five years ago returned on Monday to combine with worries of weak earnings, falling currency and slowing economic growth, whipping stocks and erasing ₹11 lakh crore of investor wealth.
The BSE Sensex and NSE Nifty crashed more than 1.5% each and the fear gauge Vix rose the most in four months, on a day India detected multiple cases of the Chinese-origin human metapneumovirus (HMPV).
Lacklustre quarterly updates by banks over the weekend signalling slower credit growth worsened sentiment. Banking behemoth HDFC Bank reported credit growth of 3% on-year in its quarterly update for the third quarter of FY25, which disappointed markets. The bank's shares closed 2.23% on the BSE.
هذه القصة مأخوذة من طبعة January 07, 2025 من Hindustan Times Punjab.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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هذه القصة مأخوذة من طبعة January 07, 2025 من Hindustan Times Punjab.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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Jennifer Lopez and Ben Affleck's marriage of two years has officially ended
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WE NEED TO TALK ABOUT YOUNG GIRLS' FOOD DEPRESSION
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Shooter Tomar finds fresh high after domestic double
Varun Tomar's dream of representing India at the Paris Olympics was crushed when he lost in the domestic selection trials to pick the final squad.
Trump Certified as 2024 Election Winner, Set to Become President
America's capital woke up to heavy snow and freezing temperatures on Monday.
Microsoft to Invest $3 Billion in AI, Cloud Expansion in India
The Tech Giant Also Plans to Train 10 Million People in AI Skills in India by 2030
Capex allocation likely to rise 10% for roads, railways
The Centre proposes to keep its focus on rapid infrastructure growth in the next financial year, with plans to push capex allocation for the ministries of road transport and highways, and railways in the upcoming budget by up to 10%, two persons aware of the development said.
Ruling party to start process to pick successor
The process to select the successor of Canadian Prime Minister Justin Trudeau will commence this week, but that person will face the twin challenges of a severely tarnished Liberal Party brand as well as the prospect of facing a confidence vote almost immediately into their tenure.
