January 6, 2025
New Delhi, India
Stock Market Crash
Indian equity markets witnessed a sharp decline on Monday as concerns over the detection of Human Metapneumovirus (HMPV) cases in Karnataka, coupled with reports of a viral outbreak in China, led to widespread sell-offs.
Key Indices Drop
- Sensex: Fell 1,258.12 points (1.59%) to close at 77,964.99.
- Day’s range: 79,532.67–77,781.62.
- Nifty50: Declined 388.70 points (1.62%) to settle at 23,616.05.
- Day’s range: 24,089.95–23,551.90.
Sectoral Performance
- All Sectors in Red:
- Nifty PSU Bank saw the steepest fall, down by 4%.
- Union Bank of India and Bank of Baroda led the losses.
- Broader Markets:
- Nifty Smallcap100: Down 2.70%.
- Nifty Midcap100: Down 3.20%.
Top Movers
- Losers:
- Tata Steel (-4.60%), BPCL (-4.18%), NTPC, and Adani Enterprises.
- Gainers:
- Apollo Hospitals (+1.94%), Tata Consumer Products, Titan, HCL Tech, ICICI Bank.
Volatility Index
- India VIX:
- Jumped 15.58% to 15.65, reflecting increased market volatility.
Market Sentiment
- Factors Influencing the Downturn:
- Detection of HMPV cases in Karnataka raised investor fears.
- Reports of virus-related disruptions in China added to global market jitters.
- Despite reassurances from the Health Ministry about no unusual surges in respiratory illnesses, investor sentiment remained bearish.
The sell-off was broad-based, with 43 of the 50 Nifty constituents closing in the red, reflecting cautious market behavior.
Stay updated for further developments and market trends!
Rupee Hits Record Low of 85.82 Against US Dollar Amid Persistent Foreign Outflows
Check Latest Market News
Disclaimer:
CurrencyVeda provides this news article for informational purposes only. We do not offer investment advice or recommendations. Before making any investment decisions, please conduct thorough research, consult with financial experts, and carefully consider your financial situation, risk tolerance, and investment goals. Investing in the stock market carries risks, and it’s essential to make informed choices based on your individual circumstances. CurrencyVeda is not liable for any actions taken based on the information provided in this article.
