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)

In a momentous occasion for Indian Americans, six of their leaders on Friday were sworn-in as the members of the US House of Representatives, the largest so far for this minority ethnic community in the United States.
When I was first sworn in twelve years ago, I was the sole Indian American Member of Congress and only the third in US history. Now, our coalition is six strong! I am excited to welcome even more Indian Americans to the halls of Congress in the years to come! Congressman Dr Ami Bera said in a post on X.
Bera, the senior most of them, who has been sworn-in for the seventh consecutive term as a representative of the seventh Congressional District of California, also posted a picture of all the six Indian American Congressman from the floor of the House.
Suhash Subramanian, who represents the 10th Congressional District of Virginia is the newest Indian American to be a member of the House of Representatives. First day of work! Honoured to be sworn into the #119th Congress

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At Delhi Airport, flight operations were temporarily halted in the early morning hours due to reduced visibility

Delhi air quality worsens; cold wave, dense fog hampers train services

The skipper was asked about this during the lunch break on Day 2 in Sydney and mentioned that most of the players in the squad are still quite young and need more experience to take on the leadership

Rohit Sharma

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

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The draft protection rules released by the government create a balance between regulation and innovation while completely protecting citizen rights, Union minister Ashwini Vaishnaw said on Saturday.
The government issued draft rules for the Digital Personal Data Protection (DPDP) Act on Friday for public consultation till February 18.
"Rules have to be within four walls of the Act. It is within the ambit of the Act passed by Parliament. These rules have been framed to ensure a balance between regulation and innovation while completely safeguarding the rights of citizens," Vaishnaw told PTI in an interview.
The minister said earlier there was only one template available to the world -- the European data protection rule with a high level of regulation. However, Indian rules have attempted to balance the regulation with innovation to safeguard the boom in the innovation ecosystem developing among startups in the country.
He said extensive consultations have been held with the industry

Ashwini Vaishnaw, Ashwini, Vaishnaw

As day 2 progressed in Sydney, Bumrah was seen going off the field just before lunch and was seen in training gears.

Jasprit Bumrah

AAP senior leader Manish Sisodia on Monday said 100 students have joined an internship programme, where they will assist in the election war room in the upcoming Delhi assembly polls and support his campaign for the Jangpura constituency.
According to a statement, around 1,000 students from across India applied for the internship and 100 were selected to manage various aspects of the election campaign, including war rooms, back rooms, research rooms, conducting field research, campaigning, and interacting with people.
The internship programme, titled 'Internship with Manish Sisodia', was launched on December 21 to provide young people with a practical understanding of how elections are conducted, how leaders operate, and how democracy functions as a powerful tool.
Sisodia said, "I had posted on social media that I am contesting elections from Jangpura and would love for the youth, especially college students, to join me and do an internship."
"The aim is for them to understand how 

Manish Sisodia, Sisodia, Manish

Delhi BJP chief Virendra Sachdeva on Monday claimed that a CAG report raised 139 questions related to the former Delhi chief minister Arvind Kejriwal's previous Flagstaff Road residence and exposed his "black deeds"
Hitting back, Aam Aadmi Party leader Sanjay Singh termed it as a classic diversionary tactic by the BJP and claimed that the saffron party had lost the narrative war in the run-up to the assembly elections.
Addressing a press conference, Sachdeva said that the Comptroller and Auditor General's report of 2022 cited an expenditure of Rs 33.66 crore on the "Sheesh Mahal" but the actual cost was far higher.
"This report pertains to expenditure till 2022. There is no revelation on expenses of 2023 and 2024 and, according to our information, the real cost runs up to Rs 75-80 crore if the inventory of the items in the bungalow is included," he claimed.
The BJP has sharpened its attack on Kejriwal ahead of the Delhi Assembly polls, alleging corruption related to the 6, Flagstaf

Kejriwal, Arvind Kejriwal

Here are the best of Business Standard's opinion pieces for today

Blackstone in race for majority pie in Omega Healthcare

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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100 students selected as interns for election campaign in Jungpura: Sisodia

BJP points at Kejriwal's 'deeds'; AAP says claims based on forged papers

Best of BS Opinion: A paper cut and a pause, the price of ignored lessons

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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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