DOMESTIC equity market nose-dived on Monday over fears related to the new HMPV virus, continuous selling by foreign institutional investors (FIIs) and weakening global cues. The Sensex ended 1,258.12 points or 1.59% lower at 77,964.99 while the Nifty fell 388.70 (1.62%) to settle at 23,616.05. During intraday deals, the two indices plummeted by up to 1.88%.
The sharp sell wiped out more than ₹11 lakh crore from investors' kitty as the market capitalization of all BSE-listed firms came down to ₹440.19 lakh crore from ₹451.33 lakh crore on Friday. "The market experienced a decline and entered a state of panic, primarily due to the detection of a case of human metapneumovirus (HMPV) in Bengaluru. This virus, a type of respiratory illness, has the potential to disrupt businesses, and logistics, and even lead to partial lockdowns, similar to the impact of COVID-19," said Anand K. Rathi, co-founder of MIRA Money.
Esta historia es de la edición January 07, 2025 de The New Indian Express Sambalpur.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición January 07, 2025 de The New Indian Express Sambalpur.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
Want to revive 'family tree' at the click of a mouse? Come to Maha Kumbh
WITH lakhs of people taking holy dip at Maha Kumbh, pandas or traditional priests are busy tracing the roots of devotees through digitised family records in a camp at Sangam.
Markram and Jansen sizzle
AIDEN Markram and Marco Jansen combined to give Sunrisers Eastern Cape a 52-run win over Pretoria Capitals in their SA20 league stage encounter at Gqeberha on Wednesday.
Patna Med College Ex-Student Held in NEET Exam Racket
BIHAR police on Thursday arrested Dr. Ajay Kumar Singh, a former student of Patna Medical College and Hospital (PMCH), for his alleged involvement in NEET-UG and PG examination racket.
Pentagon Deploys 1,500 Troops Along US-Mexico Border
The Pentagon said it has begun deploying 1,500 active duty troops to help secure the southern border, putting in motion plans President Donald Trump laid out in executive orders shortly after he took office to crack down on immigration.
Notices to Ola, Uber over price disparity
The Centre has issued notices to Ola and Uber over complaints that they were charging different prices from customers depending on whether the booking was from an iPhone or an Android smartphone.
Capex spends may not see sharp rise
Most analysts expect the capex allocation to rise by 10-12% over the actual capex in FY25
4 of 16 Dead Naxals Were Top Rank, Forces Alert Over Retaliation
AS police forces of both Odisha and Chhattisgarh remain vigilant against possible retaliatory attacks by the banned CPI (Maoist) following the Gariaband encounter, identification of the 16 neutralised Naxals reveal that four of them were top cadres.
NCLAT stays CCI's ban on WhatsApp-Meta data sharing
IN a relief to Mark Zuckerberg-owned Meta, the National Company Law Appellate Tribunal (NCLAT) on Thursday suspended the Competition Commission of India's (CCI) five-year data-sharing ban between WhatsApp and its parent company, Meta Platforms.
The Eagle Stays in Staring Contest With the Bear
Given the postures Trump and Putin struck this week, a thaw in US-Russia relations is unlikely anytime soon. Trump is not intent on jettisoning US claims to global hegemony
ED Attaches ₹1.26 Cr Worth Assets of TN Fisheries Minister Radhakrishnan
The Enforcement Directorate has provisionally attached immovable properties, valued at ₹1.26 crore, belonging to Fisheries Minister Anitha R Radhakrishnan, spread across Thoothukudi, Madurai and Chennai districts under the Prevention of Money Laundering Act (PMLA).
