Open AccessIndian Stock Market during the COVID-19 Pandemic: Vulnerable or Resilient?: Sectoral analysis
Author(s) -
Rishika Shankar,
Priti Dubey
Publication year - 2021
Publication title -
organizations and markets in emerging economies
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.195
H-Index - 4
eISSN - 2345-0037
pISSN - 2029-4581
DOI - 10.15388/omee.2021.12.51
Subject(s) - market liquidity , pandemic , stock market , volatility (finance) , covid-19 , economics , index (typography) , vulnerability index , financial economics , monetary economics , business , context (archaeology) , geography , biology , medicine , ecology , disease , archaeology , climate change , world wide web , computer science , infectious disease (medical specialty)
This study examines the impact of COVID-19 pandemic on the performance of Indian stock market, measured by daily average returns and trading volume. The analysis is aimed at discovering the vulnerability of the general market as well as nine crucial sectors to the pandemic while also checking the impact on overall volatility in the market. The findings suggest that all the sectors followed a consistent pattern of being significantly impacted by the pandemic. However, the benchmark index remained resilient in the context of average returns. The entire market witnessed decreased returns and increased liquidity, which is explained by reduced volatility in the market.