Abstract : The onset of the COVID-19 pandemic and lockdown announcements by governments have created uncertainty in business operations globally. For the first time, a health shock has impacted the stock markets forcefully. India, one of the major emerging markets, has witnessed a massive fall of around 40% in its major stock indices’ value. Therefore, we examined the short-term impact of the pandemic on the Indian stock market’s major index (NIFTY50) and its constituent sectors. All the sectors were impacted temporarily, yet the financial sector faced the worst. Sectors like pharma, consumer goods, and IT had positive or limited impacts. We discuss the potential explanations for the same. These results may be useful for investors in safeguarding equity portfolios from unforeseen shocks and making better investment decisions to avoid large, unexpected losses. . This research paper presents the impact of COVID-19 on the India’s stock market. There are two major stock exchanges in India i.e. Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
Cite : Kulshrestha, S., & Maurya, S. (2023). Impact of Covid -19 on Indian Stock Market (1st ed., pp. 70-74). Noble Science Press. https://doi.org/10.52458/9789388996587.2023.eb.ch16
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