HMPV

HMPV in Focus: Markets Slide Amid Banking Woes and Global Uncertainty

Leave a Comment / Stock market / By

On January 6, Indian markets experienced a downturn, with both benchmark indices declining by approximately 1.6%. The Nifty 50 closed at 23,616.50, and the Sensex settled at 77,946. This dip was primarily attributed to concerns in the banking sector and global economic factors, rather than the recent detection of Human Metapneumovirus (HMPV) cases in India.

In the past few days, two HMPV cases were reported in Karnataka. The Union Ministry of Health is closely monitoring the situation and has sought timely updates from the World Health Organization (WHO). The WHO has indicated that the rise in respiratory illnesses, including HMPV, is typical for the winter season and does not signify an unusual outbreak pattern.

Market experts suggest that the Health Ministry’s statements have alleviated concerns regarding HMPV. Sunny Agrawal, Head of Fundamental Research at SBI Securities, mentioned that the ministry has clarified that HMPV is not comparable to COVID-19, with no indications of travel restrictions or lockdowns.

The market’s downward trend on January 6 was influenced by other factors. Siddarth Bhamre, Head of Research at Asit C. Mehta, noted that disappointing banking business numbers, particularly among PSU banks and HDFC Bank, contributed to the decline. The Nifty PSU Bank Index fell by around 4%, and the Nifty Bank Index decreased by approximately 2%.

Agrawal also pointed to the weakening rupee, linked to the strengthening US dollar index, and muted growth reported by banks during the December quarter as contributing factors. Narendra Solanki, Head of Fundamental Research-Investment Services at Anand Rathi Shares and Stock Brokers, emphasized that global factors, such as weak banking updates and rumors of rate cuts by other central banks, played a more significant role in the market’s performance than concerns about HMPV.

Experts agree that while there may be some nervousness in the markets, the current situation does not warrant major concern. Siddhartha Khemka, Head of Research at Motilal Oswal Financial Services, stated that the market needs clarity from the scientific community before drawing conclusions about HMPV. Nirav Karkera, Head of Research at Fisdom, added that any negative market reactions to the virus are expected to be limited and knee-jerk in nature, with no significant downside anticipated in the absence of further adverse developments.

In summary, the recent market decline is largely due to banking sector concerns and global economic factors, with the emergence of HMPV cases in India having a minimal impact on market sentiment.

Leave a Comment

Your email address will not be published. Required fields are marked *

Products & Services

Research

Facebook Instagram Youtube Telegram

CAUTION: URGENT NOTICE

It has come to our attention that individuals are being misled and defrauded by entities falsely claiming to represent KSL, misusing our name, logo, and other public information available online.
Please note that KSL only offers services to institutional clients and high-net-worth individuals (HNIs). We do not engage in retail advisory or solicit funds from individual retail investors. KSL has not authorized any third party to represent or solicit on its behalf. Any interaction with unauthorized entities or the parting of funds without proper verification will be solely at the risk of the individual, and KSL shall bear no responsibility for any losses incurred.
If anyone approaches you claiming to represent KSL, we strongly advise you to file a police complaint and report the matter to the relevant Cyber Crime authorities and regulatory bodies. KSL has already initiated necessary legal steps, including filing complaints with the authorities and stock exchanges.
Stay vigilant and ensure that you verify the authenticity of any communication or representation claiming to be from KSL.

This will close in 15 seconds

Scroll to Top

Investor Awareness

1. Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020.

2. Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge.

3. Pay 20% upfront margin of the transaction value to trade in cash market segment.

4. Investors may please refer to the Exchange’s Frequently Asked Questions (FAQs) issued vide BSE notice no. 20200731-7 dated July 31, 2020 and 20200831-45 dated August 31, 2020 and NSE circular no. NSE/INSP/45191 dated July 31, 2020 and NSE/INSP/45534 dated August 31, 2020 other guidelines issued from time to time in this regard.

5. Check your Securities /MF/ Bonds in the consolidated account statement issued by NSDL/CDSL every month.

Attention Investors

Prevent Unauthorized Transactions in your trading and/or demat account – Update your
Mobile Number and / or email IDs with your Stock Broker and / or Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from CDSL on the same day / information of your transactions directly from Exchange on your mobile/email at the end of the day………………….issued in the interest of investors.

“KYC is one time exercise while dealing in securities markets – once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.”

No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor’s account.”