New Delhi:
Indian Equity markets witnessed a sharp decline in Monday’s afternoon trading session, with both benchmark indices falling over 1 per cent amid concerns over the detection of Human Metapneumovirus (HMPV) cases in India, marking a significant reversal from the day’s opening levels.
The BSE Sensex plummeted 949.62 points or 1.20 percent to 78,273.49, while the broader NSE Nifty dropped 318.95 points or 1.33 per cent to 23,685.80 at 12:07 PM, after opening higher at 79,281.65 and 24,045.80 respectively.
The selling pressure was widespread across sectors, with the Nifty Next 50 experiencing the steepest decline of 2.62 per cent to 67,380.55 . The Nifty Midcap Select fell 2.00 per cent to 12,749.90, while the banking sector indices also faced significant losses with Nifty Bank down 1.61 per cent at 50,167.95 and Nifty Financial Services declining 1.35 per cent to 23,415.20.
Market breadth remained heavily negative with 3,223 stocks declining against 734 advances on the BSE. The number of stocks hitting lower circuit at 365 significantly outnumbered those touching upper circuit at 228. Despite the broad market weakness, 159 stocks managed to hit their 52-week highs, while 67 touched their 52-week lows.
Also Read: Health Ministry Confirms Two HMPV Cases In Karnataka!
Nifty Midcap Select fell 2.00 per cent to 12,749.90, while the banking sector indices also faced significant losses with Nifty Bank down 1.61 per cent at 50,167.95 and Nifty Financial Services declining 1.35 per cent to 23,415.20.
Market breadth remained heavily negative with 3,223 stocks declining against 734 advances on the BSE. The number of stocks hitting lower circuit at 365 significantly outnumbered those touching upper circuit at 228. Despite the broad market weakness, 159 stocks managed to hit their 52-week highs, while 67 touched their 52-week lows.
HMPV Cases In India
The HMPV was detected in a three-month old female infant and a eight-month old male infant. “A 3-month-old female infant, who was diagnosed with HMPV after being admitted to Baptist Hospital, Bengaluru with a history of bronchopneumonia. She has been since discharged,” the ministry said.
Update on #HMPV
.@ICMRDELHI Detects Two Cases of Human Metapneumovirus (HMPV) in Karnataka through routine surveillance
Surveillance System Robust, No Unusual Surge in ILI or SARI cases in the countryhttps://t.co/uXIgltmOdE
— Ministry of Health (@MoHFW_INDIA) January 6, 2025
Third Case of the Virus was detected in Ahmedabad, A two-month-old baby at a private hospital in Chandkheda is believed to be positive with HMPV, as per reports.
