Indian stock market: Sensex, Nifty 50 rise despite HMPV virus fears. Will the rally sustain?
2 days, 4 hours ago

Indian stock market: Sensex, Nifty 50 rise despite HMPV virus fears. Will the rally sustain?

Live Mint  

Indian stock market benchmarks—the Sensex and the Nifty 50—recorded decent gains on Tuesday, January 7, ending their two-day losing streak. In the last two sessions, the Sensex and the Nifty 50 had fallen over 2 per cent each, primarily because of sustained selling by foreign institutional investors amid a sustained rise in the US bond yields and rising cases of the HMPV virus. Track Live Updates of HMPV Cases Here While the spread of HMPV cases remains in the focus of investors, the Indian stock market witnessed a relief rally on Tuesday, with the Sensex rising nearly 500 points during the session. "The 1.6 per cent cut in the Nifty 50 yesterday appears to be an overreaction to the HMPV virus concerns.

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