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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The plunge came as HMPV cases rose to five.
Indian markets plunged over 1.5% on Monday amid fears of a human metapneumovirus (HMPV) outbreak, a weak rupee and negative global cues, Hindustan Times reported.
The Nifty 50 closed 388 points lower at 23,616.05, while the Sensex dropped 1,258 points to 77,964.99.
All sectors on the National Stock Exchange remained firmly in the red. The Nifty PSU Bank index dropped 4%, while midcap and smallcap indices fell 2-3%.
Experts told Hindustan Times that HMPV concerns, foreign outflows of Rs 4,227.25 crore on 3 January and profit-booking were the key factors behind the selloff. Lower earnings expectations and the uncertainty looming …
