An Analysis on Stock Market Volatility in an Emerging and Developing Economy During Global Pandemic

Autor: Rumeli Chandra, Sudipta Halder
Rok vydání: 2022
Předmět:
Zdroj: Asia-Pacific Journal of Management and Technology. :24-38
ISSN: 2652-6840
Popis: Unavoidably, COVID-19's global epidemic brought about a significant drop in every sphere of the economy. This study examines the impact of COVID-19 on Indian stock market performance by using a moving average and historical values of the Nifty 50 and S&P BSE SENSEX. The investigation's goal is to pinpoint the Indian Stock Exchange's BSE and NSE weaknesses and the volatility during that time span. The results demonstrate that the pandemic had a major influence on the industries included in this research. But the rise in COVID-19 cases starting in January 2020 and the deaths that followed in 2021 caused the biggest stock market decline ever seen. Despite that, the market saw a record-breaking high on both the NSE and the BSE by the end of 2021. Following the Covid's impact, the Indian financial market also experienced a sharp downturn. During this time, the Nifty dropped 7500 points and the BSE dropped about 920 points. This research focuses on the volatility of the stock market across this time frame. By the afternoon of April 5th, 2021, investors had lost more than Rs. 4.54 lakh crore. The investors lost a total of 7.36 lakh crore in just 7 months.
Databáze: OpenAIRE