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Impact of Covid-19 ON Indian Stock Market: BY: R. ANUSHA (21540) Avantika Bansal (21554)
Impact of Covid-19 ON Indian Stock Market: BY: R. ANUSHA (21540) Avantika Bansal (21554)
Impact of Covid-19 ON Indian Stock Market: BY: R. ANUSHA (21540) Avantika Bansal (21554)
IMPACT OF COVID-
19
ON
INDIAN STOCK
MARKET
BY : R. ANUSHA (21540)
AVANTIKA BANSAL
(21554)
INTRODUCTION
The rapid spread of the unprecedented
COVID‐19 pandemic has put the world
in jeopardy and changed the global
outlook unexpectedly. Initially, the
COVID‐19 outbreak triggered in Wuhan
city, China in December 2019, and with
time it spread all over the globe.
This pandemic is not only a global health emergency but also a significant
global economic downturn too. Economic turmoil associated with COVID‐
19 has affected the financial market severely which includes both stock and
bond markets.
The government of India announced Janata curfew on march 22, 2020 and
lockdown policy to maintain social distancing practice to slow down the
outbreaks from march 24, 2020. As the government announced such a
lockdown policy, various economic activities have been stopped suddenly. As
a result of the fall out in the global financial market, the Indian stock market
also witnessed sharp volatility. It has also borne the brunt of the COVID ‐19
pandemic.
IMPACT ON STOCK MARKET
There are two major stock indices in India—
Bombay stock exchange (BSE), Sensex, and
national stock exchange (NSE), nifty. If we
look at the Bombay stock exchange there was
a drop in the Sensex index to 13.2% on march
23, 2020. It was the highest single day fall
after the news of the Harshad Mehta scam in
April 28, 1991.
Nifty had also declined to almost 29%
during this period. Some economists
have considered the impact of COVID‐
19 on the Indian stock market as a
“BLACK SWAN EVENT,” that is, the
occurrence of a highly unanticipated
event with an extremely bad impact.
TOP 10 STOCKS THAT FELL AMID
GLOBAL MARKETS SLOWDOWN
As the coronavirus (COVID-19) pandemic continues
to spook the global equity markets most Asian and
European markets registered big losses over the
economic fallout. The Indian stock market is
witnessing a roller coaster ride where Sensex ended
1,627.73 points higher at 29,915.96, while nifty was
up 482 points at 8,745.45. Here's a look at the top 10
losers in the month of march so far, as per ACE equity.
Indianbulls Housing Finance | February 28, 2020: Rs IndusInd Bank | February 28, 2020: Rs 1,104.05
279.70 | March 20, 2020: Rs 91.10 | Loss: 67.43% | March 20, 2020: Rs 439.95 | Loss: 60.15%
RBL bank | February 28, 2020: General Insurance Corporation of India | Zee Entertainment Enterprises |
Rs 290.75 | Macrh 20, 2020: Rs February 28, 2020: Rs 163.50 | March 20, February 28, 2020: Rs 239.3 | March
171.50 | Loss: 41.01% 2020: Rs 94.90 | Loss: 41.96% 20, 2020: Rs 141.2 | Loss: 41%
STOCKS THAT EMERGED CONSISTENT
PERFORMERS DURING COVID-19 CRISIS