IMPACT OF COVID-19 ON PERFORMANCE ON INDIAN STOCK INDICES: A STUDY FOR NSE COMPOSITE AND SECTORAL INDICES

IMPACT OF COVID-19 ON PERFORMANCE ON INDIAN STOCK INDICES: A STUDY FOR NSE COMPOSITE AND SECTORAL INDICES

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Purpose/Objective: The objective of the paper was to scrutinize the impact of COVID-19 on the performance of composite and sectoral indices of National Stock Exchange (NSE) of India.Methodology and Approach: The study included sample daily closing prices from July 2019 to December 2020 for two composite indices and iphone 13 price ohio nine sectoral indices of NSE.The sample was divided into three sub-samples to check the impact before, during and after (after the lockdown was lifted) the pandemic on the volatility of returns.The volatility measures were regressed using a dummy variable for COVID-19.

Findings: The results showed that there was an increase in the volatility of returns of the indices during COVID-19 as compared to post-lockdown period.It was also found that the skewness of returns of the icon track bar f250 indices have become more negative in the post COVID (post-lockdown) period.Practical Implications /Conclusion: The findings of the study have significant implications and impacts regarding the decision making for equity analysts, portfolio management firms, investors and traders for assessing their investment in a better way and deciding their investments.The author believed that these results would magnify the volatility relations.