India’s share market fell dramatically on Monday, owing to concerns about the new HMPV virus, continued selling by foreign institutional investors (FIIs), and weaker global cues. The Sensex closed 1,258.12 points, or 1.59% lower, at 77,964.99, while the Nifty slid 388.70 points, or 1.62%, to 23,616.05. During intraday trading, the two indices fell to 1.88%….
India’s stock markets closed higher on Tuesday as concerns about HMPV abated due to improved surveillance across the country. Domestic benchmark indexes rose in response to favourable global trends, with purchasing interest seen in sectors including metals, media, energy, commodities, PSU banks, financial services, pharmaceuticals, and FMCG. The Sensex closed at 78,199.11, up 234.12 points…
With the ongoing HMPV virus worry, airline and hotel stocks fell nearly 5% on Monday after the government announced two viral cases in India. Indigo’s parent company InterGlobe Aviation’s stock declined 4.42 percent to settle at ₹4262.1, while Spice Jet’s stock dropped 4.88 percent to ₹53.02 on Monday, January 6. TAJGVK Hotels & Resorts Limited,…
After the Indian government confirmed two cases of Human Metapneumovirus (HMPV) in Karnataka and one in Gujarat, amid tales of a virus outbreak wreaking havoc in China, stock market investors elected to remain cautious. As a result, the Sensex sank by more than 1,400 points, while the Nifty lost almost 1.7%. The India VIX fear…