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VOL. 3, ISSUE 2 (2021)
Impact of COVID-19 on Indian economy: A study of selected sectors
Authors
Ishwar Sharma, Bhawana Verma
Abstract
Coronavirus Pandemic has affected the entire Indian stock market in an unprecedented manner. Lowest value of all the indices occurred on 23rd March 2020, which was one of the worst days in the history of the Indian stock market. The present study examines the impact of COVID-19 on the performance of sectoral indices of NSE. Daily closing price data of sectoral indices of NSE along with Nifty 50 from January 2017 to July 2021 have been taken from the website of NSE. The present study is descriptive in nature and the descriptive statistics are used for the purpose of study. The findings of the present study show that Nifty healthcare index, Nifty IT, Nifty Pharma performed well during COVID period as the average return of these sectors have increased significantly. Nifty Bank and Nifty Financial Services performed worst during COVID period as the average return of these sectors have reduced severely. But the standard deviation of all sectoral indices have increased. Skewness is negative during COVID except Pharma sector. Kurtosis value of all sectoral indices are very large during COVID. It shows that stock market has become more volatile during COVID period as compared to the pre-COVID period.
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Pages:25-28
How to cite this article:
Ishwar Sharma, Bhawana Verma "Impact of COVID-19 on Indian economy: A study of selected sectors ". International Journal of Finance and Commerce, Vol 3, Issue 2, 2021, Pages 25-28
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