Document Type
Article in Press
Abstract
The study examines COVID-19’s effect on the Indian stock market. According to the study’s findings, the pandemic significantly smashed Indian sectoral indices. The highest abnormal loss is observed in the Private Bank Index (-14.62 per cent) and the lowest in the Pharma Index (-6 per cent). The results of panel regression analysis depict that real return, profitability, and size have a substantial impact on the abnormal returns of the sectoral indices. The findings provide valuable insights to policymakers, to navigate market volatility and develop effective risk management strategies during pandemic.
Recommended Citation
Verma, Ruchita; Sharma, Dhanraj; and Raghavan, Pranav
(2025)
"Stock Market Reaction to Outbreak of Covid-19: An Empirical Study of Indian Sectoral Indices,"
Bulletin of Monetary Economics and Banking: Vol. 28:
No.
3, Article 3.
DOI: https://doi.org/10.59091/2460-9196.2376
Available at:
https://bulletin.bmeb-bi.org/bmeb/vol28/iss3/3
Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License
Country
India
Affiliation
Central University of Punjab
