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Rs 9.5 lakh crore Investor Wealth Wiped Out After 3 HMPV Cases in India

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Rs 9.5 lakh crore Investor Wealth Wiped Out After 3 HMPV Cases in India

Indian equity markets witnessed a sharp decline on January 6, with the market capitalisation erosion exceeding Rs 9.5 lakh crore โ€” the steepest single-day fall in three months. The benchmark indices Sensex and Nifty dropped over 1.5% amid rising investor concerns. Among broader indices, BSE MidCap and Smallcap declined over 2 percent each while BSE SME IPO index lost 1.5 percent. The decline in markets coincided with news of two confirmed cases of Human Metapneumovirus (HMPV) in Karnataka, detected during routine surveillance. The Indian Ministry of Health emphasised that HMPV is not a new virus and has been circulating globally, including in India, with no unusual surge in influenza-like illnesses reported domestically.

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