Open AccessA CONCEPTUAL STUDY ON INDIAN STOCK MARKET'S RESPONSE TO COVID-19 PANDEMIC- A COMPARATIVE STUDY WITH OTHER CRISES
Author(s) -
Soumitra Sahana,
R Sukanya
Publication year - 2021
Publication title -
paripex indian journal of research
Language(s) - English
DOI - 10.36106/paripex/3606873
Subject(s) - pandemic , livelihood , crash , stock market crash , stock market , unemployment , business , government (linguistics) , covid-19 , development economics , economics , economic growth , economy , geography , agriculture , medicine , linguistics , context (archaeology) , philosophy , disease , archaeology , pathology , computer science , infectious disease (medical specialty) , programming language
The 2020 pandemic has shattered all most all the activities around the world, resulting to a great depression in theeconomy. Pandemic has poisoned all economic activities. The pandemic has affected public health in the country. If wemake a keen look, every 10 years, there is some crash or scam happening in the country. However, after every crash if wemake an analysis, there is a new revolution in the economy. The Harshad Mehta's scam which is one of the major scams inIndian share market history brought remarkable changes in banking sector, the Covid-19 crises has made India todepend immensely on technology which would otherwise not be possible in a country like India. With the spread ofCovid virus across the country, the Government, after seeing the medical expert's opinion, announced nationwidelockdown to prevent the spread of the virus across the country. Life of millions of people was shattered as they could notearn their livelihood. Many youth lost their jobs, there was unemployment problem gearing up across the country. Due tothe lockdown, the financial markets also reacted to the pandemic and there was lot of volatility in the share market. Thepresent paper aims to examine the impact of Covid-19 on stock market volatility in India. The paper also considers someof the crashes that have happened in the past and to make a comparative study of various crashes with that of the Covid19 crash.