Markets corrected today on the back of panic selling because of 2 cases of HMPV Virus detected in India.
Some got the Covid (Corona virus) scars back & frightened.
Of my preliminary analysis, I don’t think this virus has the potential to break havoc like Covid did. (I cautioned about the deadly coronavirus 1.5 months back in 2020 Feb before lockdowns were imposed in India)
As far as I know, HMPV takes 3-6 days for symptoms to show whereas corona virus took around 15-20 days. This makes contact tracing easy for HMPV.
Infants and senior citizens are more prone to this new virus. Basically, the ones with weak immunity get impacted.
This is NOT a new virus. This virus was found way back in 2001 too.
With all that said, I’m not a doctor so taking necessary precautions is the best you can do. Wash hands, avoid handshakes, use masks (also will help you from deadly pollution these days) & follow the general guidelines published by relevant authorities.
My preliminary understanding says, things won’t go worse like coronavirus.
I’ll keep studying on this & update in case I see material developments.
Till then, I don’t think there’s any need to panic & sell everything. I’d infact buy the dips (with Nifty at 23,500) given how some of the businesses are available at lucrative valuations.
Take care!
