Closing Bell: Despite the rise in US stock markets, Indian benchmark indices Sensex and Nifty fell sharply on Monday (January 6) in the first trading session of the week. The market witnessed a sell-off across the board after two cases of Human Metapneumovirus (HMPV) were reported in India.

The 30-share BSE Sensex opened at 79,281.65 on Monday (6 January) with a gain of more than 50 points. After some fluctuations, it slipped into the red zone. During trading, it fell by 1440 points. In the end, the Sensex closed at 77,964.99, down 1258 points or 1.59%.

Similarly, the National Stock Exchange's (NSE) Nifty50 also opened with gains. After a massive sell-off, it slipped below 24,700. In the end, the Nifty closed at 23,616.05, down 388.70 points or 1.62%.

All stocks fell except Titan and Sun Pharma

Among the 30 Sensex companies, all the shares closed in the red except Sun Pharma and Titan. Tata Steel's share fell the most by more than 4%. All other shares including Kotak Mahindra Bank, Asian Paints remained in the red.

Why did the stock market fall on Monday (January 6)?

-HMPV virus outbreak

Two cases of HMPV have been reported in Karnataka. Its initial symptoms are exactly like the corona epidemic, in which the patient has cold and difficulty in breathing. Along with this, the patient feels mild to moderate fever, cough, runny nose, chest tightness and fatigue.

– Heavyweight stocks fall

Selling in heavy weighted stocks like Tata Steel, Reliance Industries, HDFC Bank, Kotak Bank, Tata Motors and ITC pulled the market down.

– Rupee at all time low

The rupee has reached an all-time low against the dollar. The rupee fell to Rs 85.82 against the US currency on Monday (January 6). This is its all-time low level.

– Asian markets fall

In Asian markets, South Korea's Kospi was in profit, while China's Shanghai Composite, Hong Kong's Hang Seng and Japan's Nikkei were in loss.

Investors lost Rs 12 lakh crore

Due to the widespread selling in the stock market, investors lost more than Rs 12 lakh crore. The market cap (Mcap) of companies listed on BSE fell by Rs 12,38, 638 crore to Rs 4,38,95,210 lakh crore. On Friday, it was Rs 45,133,848 crore.

What is the state of the global markets?

In Asian markets, South Korea's Kospi was in profit, while China's Shanghai Composite, Hong Kong's Hang Seng and Japan's Nikkei were in loss. US markets closed with a positive trend on Friday.

How was the market movement on Friday?

The BSE Sensex closed at 79,223.11 on Friday (January 3) with a fall of 720.60 points or 0.90%. Similarly, the National Stock Exchange (NSE) Nifty-50 closed at 24,004.75 with a fall of 183.90 points or 0.76%. In this way, the Sensex has fallen by almost 2000 points in the last two days.