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HMPV virus fears drag mkt down
The New Indian Express Madurai
|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.
Bu hikaye The New Indian Express Madurai dergisinin January 07, 2025 baskısından alınmıştır.
Binlerce özenle seçilmiş premium hikayeye ve 9.000'den fazla dergi ve gazeteye erişmek için Magzter GOLD'a abone olun.
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