Covid-19 Pandemic Events Impact on various Sectors of BSE
Journal: International Journal of Management Research and Social Science (Vol.7, No. 4)Publication Date: 2020-12-30
Authors : Sathwik Teja Punna;
Page : 140-154
Keywords : Covid-19; Lock downs; Event study; Market Efficiency; Crisis; Pandemic; Stock Market.;
Abstract
This paper, study the short-term & Long-term market reactions for internal and external events of Indian stocks during the COVID-19 pandemic. Country-specific fiscal policy measures like 20lakh Crore economic package and Reduction of bank rates by RBI has been considered as short term events and negatively affected stock returns except for realty and metal sectors. Our results suggest that the stock market react differently to the different events like for Global emergency and Lockdown announcements, etc., in India. The pandemic events greatly affected the Banking, FMCG and Healthcare industries. However, the Realty, Telecom, and Metal industries have responded little strongly to the pandemic in a positive fashion.
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