Covid 19 and Nifty Pharma Sector Response with Special Reference to National Stock Exchange

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.