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Impact of COVID 19 on Sectoral Indices of NSE: An Event Study


Affiliations
1 Research Scholar, Dept. of Commerce, SN College, Kannur, Kerala, India
2 Assistant Professor & HOD of Commerce, Payyanur College, Kannur, Kerala, India
 

Covid19 have been making drastic changes in the entire world even in all the spheres of life. All the nook and corners of economy is affected by this novel corona virus and Indian economy has been in phase of recovery. In this study the impact of Covid 19 on sectoral indices of NSE along with the benchmark index Nifty 50 is analyzed in relation to the major events happened in India. A short term event windows of all events are created and based on the closing price of indices Matched Pair’s t- test is used to analyze the data. Pearson’s correlation is also used to know the short term movement of market. It’s identified that Nifty 50 always showed a tendency to minimize the decline and all the sectoral indices followed the same except Nifty pharma and Nifty IT. The increasing number of Covid 19 positive cases and fatality rate showed an impact of decline in the market.

Keywords

Covid 19, NSE Sectoral Indices, Major Events.
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  • Impact of COVID 19 on Sectoral Indices of NSE: An Event Study

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Authors

Shibila E.
Research Scholar, Dept. of Commerce, SN College, Kannur, Kerala, India
Jayarajan T. K.
Assistant Professor & HOD of Commerce, Payyanur College, Kannur, Kerala, India

Abstract


Covid19 have been making drastic changes in the entire world even in all the spheres of life. All the nook and corners of economy is affected by this novel corona virus and Indian economy has been in phase of recovery. In this study the impact of Covid 19 on sectoral indices of NSE along with the benchmark index Nifty 50 is analyzed in relation to the major events happened in India. A short term event windows of all events are created and based on the closing price of indices Matched Pair’s t- test is used to analyze the data. Pearson’s correlation is also used to know the short term movement of market. It’s identified that Nifty 50 always showed a tendency to minimize the decline and all the sectoral indices followed the same except Nifty pharma and Nifty IT. The increasing number of Covid 19 positive cases and fatality rate showed an impact of decline in the market.

Keywords


Covid 19, NSE Sectoral Indices, Major Events.

References





DOI: https://doi.org/10.23862/kiit-parikalpana%2F2021%2Fv17%2Fi1%2F209036