COVID-19: A Study of its Impact on Stock Market

Abstract

Economic sectors in India have been hit worse than those in the United States during the 2008 financial crisis. As a result of the financial sector’s influence, a stock market collapse, liquidity crisis, and different changes in the monetary market have occurred. The pandemic has hit the Indian economy dream of reaching a USD 5 trillion with a 7% GDP by the year 2024. The virus has deeply affected our supply chains and manufacturing operations. It continues to do so daily. It has already forced major European economies and the US to shut down its operations and it will continue to do so in developing nations like India. The virus has resulted in an 8% crash on BSE Sensex and Nifty Fifty on a single day on March 12 and it reportedly wiped off 10 Million in a single day. It is the primary objective of this research to analyses the impact of the unexpected breakout of COVID-19 on the Indian Stock Markets. Because predicting a stationary series is easier and more reliable, secondary data was employed in order to meet the goal. The series will be made stationary in the future.

Keywords: COVID-19, Stock Market, Financial Sector and Forecasting

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