HMPV Scare Shakes Airline and Hospitality Stocks

The detection of Human Metapneumovirus (HMPV) cases in India sent ripples across the stock market on Monday, triggering a nearly 5% crash in airline and hotel stocks. By Tuesday morning, some recovery was underway. At 10:24 a.m. IST, InterGlobe Aviation shares rose 1.28% to ₹4319.6, while SpiceJet inched up 1.47% to ₹53.8. TAJGVK Hotels & Resorts Limited gained 2.42% to ₹432.05, and Indian Hotels Company Limited rebounded 2.95% to ₹869.2. The broader market wasn’t immune to the HMPV-triggered jitters. The Ministry of Health confirmed five HMPV cases as of Monday evening, including two in Karnataka, two in Chennai, and one in Ahmedabad. Union Health Minister J.P. Nadda assured the public that the government is monitoring the situation closely. He added that the Health Ministry, ICMR, and the National Centre for Disease Control are keeping tabs on the HMPV outbreaks in China and neighboring countries. For now, the absence of travel restrictions or guidelines is helping contain panic, but markets remain on edge, with investors closely watching for further developments around the HMPV threat.

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