Indian Stock Market during the COVID-19 Pandemic: Vulnerable or Resilient?: Sectoral analysis
Articles
Rishika Shankar
Faculty of Management Studies, University of Delhi, India
https://orcid.org/0000-0001-9279-0561
Priti Dubey
Faculty of Management Studies, University of Delhi, India
https://orcid.org/0000-0002-3077-2074
Published 2021-05-20
https://doi.org/10.15388/omee.2021.12.51
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Keywords

Average returns
Covid-19
Indian Stock Market
Trading Volume

How to Cite

Shankar, R. and Dubey, P. (2021) “Indian Stock Market during the COVID-19 Pandemic: Vulnerable or Resilient?: Sectoral analysis”, Organizations and Markets in Emerging Economies, 12(1), pp. 131–159. doi:10.15388/omee.2021.12.51.

Abstract

This study examines the impact of COVID-19 pandemic on the performance of Indian stock market, measured by daily average returns and trading volume. The analysis is aimed at discovering the vulnerability of the general market as well as nine crucial sectors to the pandemic while also checking the impact on overall volatility in the market. The findings suggest that all the sectors followed a consistent pattern of being significantly impacted by the pandemic. However, the benchmark index remained resilient in the context of average returns. The entire market witnessed decreased returns and increased liquidity, which is explained by reduced volatility in the market.

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