Go Unlimited with Magzter GOLD
Get unlimited access to 9,500+ magazines, newspapers and Premium stories for just
Try GOLD - Free
HMPV virus fears drag mkt down
The New Indian Express Tirupati
|January 07, 2025
Sensex ended 1.6% lower at 77,965, while Nifty declined 1.6% to settle at 23,616
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.
This story is from the January 07, 2025 edition of The New Indian Express Tirupati.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 9,500+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The New Indian Express Tirupati
The New Indian Express Tirupati
Mithun Manhas set to become next BCCI chief
THIS could be the first time a Jammu-born cricketer is set hold the Indian cricket board’s (BCCI) top post.
1 min
September 22, 2025
The New Indian Express Tirupati
e-Governance meet in Vizag from today
THE 28th National Conference on e-Governance (NCeG) 2025 will commence in Visakhapatnam on Monday.
1 min
September 22, 2025
The New Indian Express Tirupati
Shun foreign goods, turn to Indian for country's prosperity: PM Modi
Says across-the-board support for made-in-India products, GST reforms will push growth
1 mins
September 22, 2025
The New Indian Express Tirupati
CM: Swachh drive meant to cleanse politics also
CHIEF Minister N Chandrababu Naidu on Saturday emphasised the comprehensive approach of the Swachhandhra initiative, stating, “Swachhandhra is about cleaning our cities, villages, and politics alike.”
1 min
September 21, 2025
The New Indian Express Tirupati
2.8L Indian jobs on the line as Trump slaps $1L H-1B fee
THE Trump administration on Saturday imposed a fee of $1,00,000 per year on each H-1B visa holder, dealing a body blow to the 2,83,397 (71%) skilled technology workers from India, as per 2024 data.
2 mins
September 21, 2025
The New Indian Express Tirupati
K-point in India, Canada NSA talks
IN a key step towards mending diplomatic ties, National Security Adviser Ajit Doval held bilateral security consultations with his Canadian counterpart Nathalie Drouin in New Delhi on Thursday.
1 mins
September 20, 2025
The New Indian Express Tirupati
Bonda targets PCB chief; PK gives strong reply
ASSERTING that steps will be taken to control the industrial pollution, Deputy Chief Minister (Environment and Forest) Pawan Kalyan has said the coalition government will not give scope to a situation that terrorises industrialists.
1 min
September 20, 2025
The New Indian Express Tirupati
LIQUOR SCAM ₹38L in cash, incriminating material seized in ED raids
THE Enforcement Directorate (ED), Hyderabad Zonal Office, conducted search operations at 20 locations across five States in connection with the alleged multi-crore liquor scam during the previous YSRCP regime, and seized ₹38 lakh unaccounted cash, and ledgers with transactions worth crores.
1 min
September 20, 2025
The New Indian Express Tirupati
Zubeen Garg of ‘Ya Ali’ fame dies in Singapore scuba diving accident
Zubeen Garg, the 52-year-old cultural icon of Assam and a heartthrob of the younger generation, passed away on Friday in Singapore, leaving behind a rich legacy.
1 min
September 20, 2025
The New Indian Express Tirupati
CM roots for ‘One State-One Water’ concept to combat drought in State
CHIEF Minister N Chandrababu Naidu on Friday asserted that effective water management could make Andhra Pradesh drought-free.
1 min
September 20, 2025
Listen
Translate
Change font size