Chinese Virus Hits Stock Market Hard, Investors Lose ₹10 Lakh Crore!

New Delhi (The Uttam Hindu): Amid reports of a viral outbreak in China, India has confirmed three cases of the HMPV virus, which is impacting the stock market as well. On January 6, 2025, Indian stock markets saw a sharp decline with the BSE Sensex plunging by 1,290 points during the day's trading. The Nifty index also experienced a significant drop of 400 points, falling to 23,600. As a result, investors have lost over ₹10 lakh crore in market value.

Mid-cap and small-cap stocks saw heavy selling and major sectors such as PSU banks, real estate, and oil & gas stocks faced significant losses. Stocks of Bank of Baroda, PNB and Canara Bank fell by more than 4%, while blue-chip stocks like HDFC Bank, Reliance Industries (RIL) and Kotak Mahindra Bank also witnessed major declines. The Bombay Stock Exchange's key index, Sensex lost 1,100 points, reaching 77,959.95 after opening at 79,281.65 points earlier in the day.

On Friday, the Sensex had closed with a decline of over 700 points at 79,223.11. This means the index has dropped by 1,983.76 points over the past two trading sessions. Earlier on Thursday, Sensex had closed at 79,943.71 points, marking a strong gain.