Covid-19 and its Initial Signalling Effects on the Stock Market in India

  • Dr. Sushil Kumar Pareek, Dr. Kriti Bhaswar Singh

Abstract

India’s economy is highly integrated with world economy.  Events that occur in other economies has an impact on the stock market in India.  Many of the events act as financial signals and affects stock market.  The purpose of this paper is to conceptualize the views and analysis of initial signalling effect of pandemic like Covid-19 on Indian Stock Market in the post pandemic declaration by World Health Organization.  The number of covid-19 reported cases during initial period of pandemic has been taken for analysis with the corresponding closing price of Sensex as the stock market data.  We use correlation to test if the number of cases has any impact on the Indian stock market.  Our exploratory study shows a strong negative correlation between these variables which is statistically significant.

Published
2020-04-27
How to Cite
Dr. Sushil Kumar Pareek, Dr. Kriti Bhaswar Singh. (2020). Covid-19 and its Initial Signalling Effects on the Stock Market in India. International Journal of Advanced Science and Technology, 29(06), 1591 - 1595. Retrieved from https://sersc.org/journals/index.php/IJAST/article/view/12100