HMPV Not the Concern Economic Fundamentals Are
As the Indian stock market reopened on January 6 after the holiday season, it was greeted with unexpected turbulence. The BSE Sensex plunged over 1.5 per cent, and Nifty 50 mirrored the decline, raising concerns among investors. The broader market suffered more and fell by more than 2 per cent. Headlines pointed to the Human Metapneumovirus (HMPV) as a potential trigger, particularly impacting travel and tourism stocks. But is the HMPV scare truly responsible for this market volatility, or is it just a scapegoat?