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.
Denne historien er fra January 07, 2025-utgaven av The New Indian Express Kottayam.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra January 07, 2025-utgaven av The New Indian Express Kottayam.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
How To Be A Travel Junkie!
This two-day travel festival in Mumbai this week brings together destinations, cultural experiences, food and more to inspire Indian globetrotters.
BFI Adopts New Weight Classes
The Boxing Federation of India (BFI) is conducting the men's national championships here in 10 weight categories, in line with the classification introduced by the breakaway World Boxing.
Skipper Markram aims a threepeat with Sunrisers Eastern Cape
FRESH from playing a key role in helping South Africa qualify for the third edition of the World Test Championship, Aiden Markram has set his sights on a threepeat with Sunrisers Eastern Cape in the SA20.
AFI's big push: Decentralisation of camps
New-look athletics body's one-of-a-kind policy set to encourage inclusivity & have wider pool of players to pick from
Janssen-sational: TN Dragons pip Team Gonasika
JIP JANSSEN slammed a hat-trick to steer Tamil Nadu Dragons to a tight 6-5 win over Team Gonasika in a high-scoring Hockey India League (HIL) clash here on Wednesday.
Malaysia Open: Prannoy, Sat-Chi Enter Round of 16
HS Prannoy's match, his first since the Paris Olympics, was halted by rain on Tuesday.
Selective application undermines credibility of sports governance
PT Usha and sports ministry are at loggerheads over the Indian Golf Union recognition.
Newcastle FC put one foot in League Cup final
NEWCASTLE took a giant stride towards the League Cup final as goals from Alexander Isak and Anthony Gordon earned a 2-0 semifinal, first leg lead at Arsenal on Tuesday.
SBI Lowers FY25 Economic Growth to 6.3%
The State Bank of India has revised its forecast for India's GDP growth for financial year 2024-25 (FY25) to 6.3%, down from the National Statistical Office's (NSO) projection of 6.4%.
Sebi finds broker with 1,103 fake client codes
MARKET regulator Sebi has found that a little known stock broker, Stockholding Services, which is the broking arm of Stock Holding Corporation of India, made thousands of fake client codes in violation of the mandatory KYC norms.
