THE FINANCIAL CRISIS OF COVID19 AND ITS IMPACT ON NIFTY INDICES OF VARIOUS SECTORS IN INDIA

The research paper gives a brief insight of global financial crisis in general and Covid19 in particular. The objective of the paper is analysis of pre pandemic and post pandemic indices of the identified sectors, viz Auto, Pharma, Bank, FMCG, Financial services and IT. Price indices of key sectors from Nifty (National Stock Exchange) were selected and change percentages of the year 2020 were calculated with respect to price indices of 2019. Huge variations and market volatility in 2020 was depicted through this changed percentages. This study also intended to review the impact of financial crisis on Nifty indices using statistical tools by MVSK parameters (Mean, Variance, Skewness and Kurtosis) for the years 2020 & 2019. The research further emphasizes in identifying the intensity of impact on various sectors varying from low to high. The price indices of pre and post pandemic were subjected to the statistical concept of hypothesis by determining the t-test. The t-test values had shown positive and negative values, which had shown the intensity of impact owing to Covid19 on different sectors, elaborated under conclusions.