INDIAN STOCK MARKET’S REACTION TO COVID-19

Registration ID: IJNRD_185230

Published ID: IJNRD2212243

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Ms. Vinita Singh

Coronavirus, Covid-19, NIFTY, ARCH-GARCH, Volatility

COVID-19, the contagious disease instigated by the recently discovered coronavirus has spread worldwide and it has a significant impact on the financial markets, practically in every country. This is one of the deadliest pandemics in history, resulting in not only human deaths but also billions of dollars in economic losses around the world. Risk-averse investors lost a sizeable sum of money because of this deadly virus spread’s havoc on the market. This article studies the influence of SARS COVID-19 on the Indian Stock Exchange, a market where financial instruments like stocks, bonds, commodities are traded. The global stock exchange has reacted bizarrely to the outburst of the coronavirus. The stock market in India also responded to the global health emergency and saw unexpected volatility (the rate of change in stock prices over a specific period), with the disruptions in the global market. By using NIFTY daily closing price, this paper inspects the volatility of NIFTY 50 from 27 January 2019 to 23rd April 2021. The GARCH model was employed to capture the volatility of the index. According to the findings, it can be concluded that the financial market in India has suffered from volatility throughout the epidemic phase.

Published Paper   E-Certificate

Ms. Vinita Singh (December-2022). INDIAN STOCK MARKET’S REACTION TO COVID-19. INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT, 7(12), c354-c368. https://ijnrd.org/papers/IJNRD2212243.pdf

Volume 7 Issue 12, December-2022

Pages : c354-c368

Paper Reg. ID: IJNRD_185230

Published Paper Id: IJNRD2212243

Downloads: 000122254

Research Area: Management

Author Type: Indian Author

Country: Sonipat, Haryana, India

Published Paper PDF: https://ijnrd.org/papers/IJNRD2212243.pdf

Published Paper URL: https://ijnrd.org/viewpaperforall?paper=IJNRD2212243

Journal Name: INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT(IJNRD)

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