Wed Jan 08 03:20:19 UTC 2025: ## Indian Stock Market Crashes After HMPV Cases Reported
**Mumbai, January 6, 2025** – Indian stock markets plummeted on Monday, January 6th, resulting in a staggering ₹12 lakh crore (approximately $145 billion USD) loss for investors. The sharp decline follows the confirmation of two Human Metapneumovirus (HMPV) cases in the country.
The benchmark Sensex plunged 1258 points, closing at 77,964.99, while the Nifty 50 index dropped 388.70 points to settle at 23,616.05. This represents a significant reversal from Friday’s relatively stable market. This drop follows a 720-point drop in the Sensex on Friday, resulting in a near 2000 point loss over the weekend.
The widespread sell-off was attributed to concerns surrounding the newly reported HMPV cases, despite positive trends in US markets. Heavyweight stocks like Tata Steel, Reliance Industries, HDFC Bank, Kotak Bank, Tata Motors, and ITC led the decline. All but Sun Pharma and Titan among the Sensex’s 30 constituent companies ended the day in the red, with Tata Steel experiencing a decline of over 4%.
The Indian Rupee also hit an all-time low against the US dollar, closing at ₹85.82. While South Korea’s Kospi index showed gains, other Asian markets like the Shanghai Composite, Hang Seng, and Nikkei experienced losses.
Experts point to the widespread selling pressure as the primary cause of the market’s dramatic downturn. The total market capitalization of BSE-listed companies fell by ₹12,38,638 crore.
First Piper 