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

The Union Budget for FY 2025-26 assumes significance as it comes on the back of lower than expected growth numbers in the second quarter and geopolitical uncertainty

Sitharaman

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)

The UK government is now reviewing the rules, which could result in increased flexibilities to help manufacturers meet them

EV carmaker

After fresh violence erupted in Manipur, the Congress on Saturday hit out at Prime Minister Narendra Modi and said he could not escape the constitutional culpability of not following "rajdharma".
In a post on X, Congress president Mallikarjun Kharge alleged that the BJP had some vested interest in keeping the border state on the boil.
"The BJP is the matchstick which burnt Manipur!" he said in his post.
He also shared a screengrab of a news report about the latest violence.
The Congress chief said in the post, "Narendra Modi ji, your last visit to Manipur was for seeking votes for the BJP, way back in January 2022. Violence erupted in the state on May 3, 2023."
"More than 600 days have passed, and media reports through satellite images have now revealed that villages after villages have been wiped off in the state," he added.
Kharge said fresh violence was witnessed recently when a mob attacked the Kangpokpi district superintendent of police, resulting in injuries.
"Your incompe

Mallikarjun Kharge, Kharge, Mallikarjun

Payal Kapadia's "All We Imagine As Light" continues its remarkable run on the international awards circuit, securing spots on the BAFTA Film Awards longlists in three categories, including Best Director.
The British Academy on Friday evening shared the results of the first round of voting across 25 categories for its upcoming awards gala.
Kapadia's Malayalam-Hindi movie, which scripted history by becoming the first Indian movie to win the Grand Prix award at the Cannes in May, has made it to three longlists of 10 movies each -- Best Film Not in English Language, Best Director and Best Original Screenplay.
Besides "All We Imagine As Light", Sandhya Suri's "Santosh" and Karan Kandhari's "Sister Midnight" are nominated in the longlist for Outstanding Debut by a British Writer, Director or Producer.
Indian-origin British actor Dev Patel has also found a mention in the longlist for his directorial debut "Monkey Man". Patel is nominated in the Leading Actor longlist.
According to BAFTA,

All we imagine as light

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

He cited the 'Sheeshmahal' as an example, referencing a report by a leading newspaper revealing excessive expenditure on the Delhi CM's residence, based on the CAG report

Sanjay Raut

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

The unlisted shares of Fabtech Technologies were trading at Rs 165 apiece, reflecting a grey market premium (GMP) of Rs 80 or 94.12 per cent over the upper end of the issue price of Rs 85

Novak Djokovic said he still feels a bit of trauma when he travels to Australia, stemming from his deportation in 2022 because he was not vaccinated against COVID-19.
The last couple of times that I landed in Australia, to go through passport control and immigration, I had a bit of trauma from three years ago," Djokovic said in an interview with Melbourne's Herald Sun newspaper published Monday, ahead of the Australian Open. And some traces still stay there when I'm passing passport control, just checking out if someone from immigration zone is approaching.
Djokovic, who has won 10 of his 24 Grand Slam championships at Melbourne Park, continued: The person checking my passport  are they going to take me, detain me again or let me go? I must admit I have that feeling.
Back in 2022, Djokovic sought, and initially obtained, an exemption that would allow him into the Australian Open  and the country  even though there were strict rules requiring shots to protect against the coronavirus.

Novak Djokovic

Special Counsel Smith hasn't announced when he intends to finish his work, but it's expected to happen before Trump's Jan. 20 inauguration

Jack Smith, US special counsel

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

Jobs, growth, demand in focus as FinMin concludes pre-Budget talks

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

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