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The IUP Journal of Applied Finance

Performance of Nifty Sectoral Indices in India During the Covid-19 Pandemic

Article Details

Pub. Date	: April, 2022
Product Name	: The IUP Journal of Applied Finance
Product Type	: Article
Product Code	: IJAF050422
Author Name	: Sachita Yadav
Availability	: YES
Subject/Domain	: Finance
Download Format	: PDF Format
No. of Pages	: 09

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Abstract

The Covid-19 pandemic has impacted every industrial segment of the world. This paper analyzes the performance of various Nifty sectoral indices in India during the peak pandemic period. The main objective of the study is to analyze as to which industrial sector was the worst affected in India from March 2020 to May 2021. The major stock market sectoral indices have been used to check the performance of various industrial sectors. Descriptive research design has been applied on daily closing Nifty sectoral indices data. The results reveal that during the period of the study, the investors who had invested in metal, pharma and IT sectors received the maximum returns, while those who had invested in financial services, FMCG and private banks received the minimum returns.

Introduction

The novel coronavirus (Covid-19) has brought uncertainties across the world, causing human suffering and economic downturn that are unprecedented in recent history. The pandemic also had a significant impact on the performances of stock markets and different sectors were impacted differently (Chong, 2020).

The pandemic impacted every industrial segment of the world. Life, health, society, economy, businesses, production, supply, demand, lifestyle, education, freedom-almost everything was impacted due to the virus. Industries had to shut down, migrants had to leave, work from home, almost nil production and increasing demand-all these factors had an impact on the economy. Economy is the face of any country and its health can be checked through the performance of the stock markets.