| 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 |
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.
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.