New Delhi. There was a huge fall in the stock market on Monday, due to which investors had to suffer a loss of about Rs 11 lakh crore. The news of HMPV virus from China created panic in the market. An atmosphere of fear was seen among investors after two cases were reported in Karnataka and one in Gujarat. Due to this, the major indices of Bombay Stock Exchange and National Stock Exchange closed with a decline of more than one and a half percent. 28 out of 30 BSE Sensex stocks closed in the red, including Tata Steel and Infosys. Shares of Reliance Industries and HDFC Bank also declined by more than 2 percent.
Big fall in Sensex and Nifty
Bombay Stock Exchange’s key index Sensex closed at 77,964.99 with a fall of 1,258.12 points on Monday. Sensex started the day at 79,281.65 and fell to 77,781.62 during the trading session. In the last two days, the Sensex has registered a fall of 1,978.72 points. National Stock Exchange’s main index Nifty also closed at 23,616.05 with a fall of 388.70 points. Nifty reached a low of 23,551.90 during trading. In the last two trading sessions, Nifty has recorded a total decline of 572.6 points.
A virus from China has scared the market today
What is this HMPV virus and how dangerous is it?
Why is the market scared of HMPV?
Don’t be afraid of HMPV, be alert, know what it is all about @AshishZBiz From #HMPVVirus #StockMarket pic.twitter.com/02JeqC8zRS
— Zee Business (@ZeeBusiness) January 6, 2025
Which stocks rose and fell
Amidst the huge fall, a slight rise was also seen in some stocks. Apollo Hospital shares registered a rise of 1.94 per cent, Tata Consumer shares registered a rise of 1.12 per cent and Titan shares registered a rise of 0.72 per cent. Shares of HCL Tech and ICICI Bank also saw slight rise. On the other hand, Tata Steel shares closed with a decline of 4.60 per cent. Shares of Trent closed down by 4.35 per cent and shares of BPCL and NTPC closed down by more than 3.60 per cent. Adani Enterprises shares saw a decline of 3.61 percent.
due to decline
Apart from the Chinese virus, other major reasons for the decline in the stock market are also being considered. A big decline is being seen in the rupee against the dollar. Also, the selling phase by foreign investors continues. Asian markets also recorded a decline of 1.40 percent on Monday. The stock market may continue to be volatile in the coming days due to signals from the budget, Fed policy and quarterly results.
huge losses for investors
After the stock market closed on Monday, the total market cap of BSE came down to Rs 4,38,79,406.58 crore, which was Rs 4,49,78,130.12 crore on Friday. Due to this fall, investors suffered a loss of Rs 10,98,723.54 crore.
