From FII selling to fears around HMPV virus, here's why the Indian markets crashed on Monday, January 7, 2025

bear market, stocks, sensex, nifty, loss, growth, crash, index

Markets Today Highlights: All sectoral indices ended in the red, with Nifty PSU Bank being the worst hit, ending down by 4 per cent, dragged by Union Bank of India, and Bank of Baroda

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While HMPV may affect anyone with a weakened immune system, young children and people above the age of 65 are at higher risk

Human Metapneumovirus (HMPV)

With no red-ball cricket lined up before the crucial England tour in June, the question looms large-will Rohit return to the grind of domestic cricket when the Ranji Trophy resumes later this month?

Rohit Sharma

China-based hackers working for Integrity Tech, known to the private sector as Flax Typhoon, were working at the direction of the the China government, targeting critical infrastructure in the US

US China flag, US-China flag

Israeli strikes killed at least 42 people in Gaza, including children, overnight and into Friday, hospital and emergency response workers said, as health workers and Israel's military traded claims over reported evacuation orders for two hospitals in the territory's largely isolated north.
The assertions over Al-Awda and Indonesian hospitals occurred as stalled ceasefire talks to end nearly 15 months of war were set to resume in Qatar.
Staff at the Al-Aqsa Martyrs Hospital said that more than a dozen women and children were killed in strikes in central Gaza, including in Nuseirat, Zawaida, Maghazi and Deir al-Balah. Dozens of people were killed across the enclave the previous day.
We woke up to the missile strike. We found the whole house disintegrated, Abdul Rahman Al-Nabrisi said in the Maghazi refugee camp.
Later Friday, officials at Al-Aqsa Martyrs Hospital said that an airstrike killed three people in a car in Zawaida in central Gaza. And the Civil Defence, first responders ..

Gaza conflict, Hamas, Israel, Palestine

In smaller Indian cities and towns, where opportunities for advancement are few and dwindling, the nounis emerging as something of a social and cultural phenomenon

Phone, social media, mobile phones

The shooting unfolded in the 1500 block of Harry Thomas Way Northeast, located just 500 feet from the NoMa-Gallaudet U New York Avenue Metro station

Shooting, Gun

The police said that Kangpokpi Superintendent of Police Manoj Prabhakar was injured in the attack

Manipur Security, Security

Jeju Air's stock price, already trading near record lows, has fallen 10% since the crash

Jeju Air

Leader of Opposition in Lok Sabha Rahul Gandhi on Monday condoled the death of soldiers in a Naxal attack in Chhattisgarh's Bijapur district and said the increased attacks raise serious questions about the government's ability to maintain national security.
Congress president Mallikarjun Kharge also offered his condolences and said the Union and the state governments should be more proactive to end this menace so that the precious lives of our soldiers are not endangered.
"Deeply saddened to hear about the martyrdom of many of our soldiers and a driver in the cowardly Naxalite attack in Bijapur, Chhattisgarh. I pay my heartfelt tribute to the martyrs and hope for the speedy recovery of the injured soldiers," Gandhi said in a post on X in Hindi.
Expressing his condolences to the bereaved families in this difficult time, the Congress leader said the entire country is united against terror and violence.
"The increase in martyrdom of soldiers raises serious questions about the ...

Rahul Gandhi, Rahul, Congress leader

Barr said he was stepping down from his role as the central bank's vice chair of supervision over a year before his term expires, but planned to keep his seat on the Fed's Board of Governor

Michael Barr, vice chair for supervision at the Fed

The rating agency's arm said that India's recent consumer price inflation at around 5 per cent was without clear evidence of a trend towards slowing price pressures

Most GCCs in India support critical business goals by using AI, data analytics, robotic process automation, and cloud services

India ranked third globally in terms of funding raised by fintech companies, behind the US and China, the report said

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Jeju Air's problems mount after plane crash that killed 179 people

Rahul Gandhi, Kharge condole soldiers' death in Naxal attack; target govt

Fed's vice chair Barr to resign early to avoid dispute with Trump over role

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HMPV virus, Trump inauguration, FII selling: Why Sensex crashed 1400 points

Stock Market Crash Highlights: Sensex sheds 1,258 pts in broad sell-off, Nifty at 23,616; VIX up 15%

HMPV poses great risk for children, can lead to severe illness

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