Author
Dr. J. Gayathiri
Keywords
Covid’19; Nifty 500; Nifty Pharma; Returns.
Abstract
The paper aims at studying the effect of the novel corona virus on Nifty pharma sector and in turn the movement of National Stock Exchange market. For this purpose data were collected for Nifty 500 and Nifty Pharma index for the period of one year from 1st October 2019 to 30th September 2020. Returns were calculated, Trend was analysed and Regression equation was framed using a scatter diagram to find out the movement of the selected index values. Returns of Nifty Pharma sector were found to be highest in 2019-2020 as compared to the last five years. During the study period shares traded and the turnover in Nifty Pharma sector was at its peak during May 2020 and August 2020. Regression line found to slope upwards showing a positive reaction between Nifty 500 and Nifty Pharma sector during the Covid 19 period.
References
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[2] Dao Le Trang Anh, Christopher Gan, “The impact of the COVID-19 lockdown on stock market performance: evidence from Vietnam”, Journal of Economic Studies, September 2020.
[3] Katarzyna Czech, Michał Wielechowski, Pavel Kotyza, Irena Benešová, Adriana Laputková. (2020) Shaking Stability: COVID-19 Impact on the Visegrad Group Countries’ Financial Markets. Sustainability, Volume 12, Issue 15, pp. 62-82.
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[7] Scott R Baker, Nicholas Bloom, Steven J Davis, Kyle Kost, Marco Sammon, Tasaneeya Viratyosin, “The Unprecedented Stock Market Reaction to COVID-19”, The Review of Asset Pricing Studies, July 2020.
[2] Dao Le Trang Anh, Christopher Gan, “The impact of the COVID-19 lockdown on stock market performance: evidence from Vietnam”, Journal of Economic Studies, September 2020.
[3] Katarzyna Czech, Michał Wielechowski, Pavel Kotyza, Irena Benešová, Adriana Laputková. (2020) Shaking Stability: COVID-19 Impact on the Visegrad Group Countries’ Financial Markets. Sustainability, Volume 12, Issue 15, pp. 62-82.
[4] Mahmoud H Abdellatif, “COVID-19 Economical Impact in the US Stock Market”, Research Gate, July 2020.
[5] P. K. Ozili and A. Thankom, “Spillover of COVID-19: impact on the global economy,” SSRN Electronic Journal, 2020.
[6] Qing He, Junyi Liu, Sizhu Wang & Jishuang Yu, “The impact of COVID-19 on stock markets”, Economic and Political Studies, Vol. 8, Issue. 3, May 2020, pp. 275-288.
[7] Scott R Baker, Nicholas Bloom, Steven J Davis, Kyle Kost, Marco Sammon, Tasaneeya Viratyosin, “The Unprecedented Stock Market Reaction to COVID-19”, The Review of Asset Pricing Studies, July 2020.
Accepted : 17 December 2020
Published : 02 January 2021
DOI: 10.30726/ijmrss/v7.i4.2020.74025
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