Impacts of COVID-19 on financial market: A sector-wise analysis

Abstract

Coronavirus disease (COVID-19) is an infectious disease caused by a recently discovered corona virus. First case is reported in Wuhan City, Hubei Province, China. Various studies found that COVID-19 Pandemic has severely affected the Indian economy and all the major sectors like Banking, Oil & Gas, FMCG, Real Estate, etc.and almost all companies. The Main aim for this study is analysing how COVID-19 Pandemic has affected different sectors of Indian Economy. The researcher found out thatthere is a significant difference between daily closing price of all sectors before and after the first case of COVID-19 reported in India. And there is no difference among the sectors of the Indian economy during the covid-19 period. And when comparing the daily average return of before and after the first case of covid-19 reported in India, all sectors except pharmaceutical and IT sector have been declined. This study will help the policy makers and researchers for taking appropriate decision and further research. © 2022 Author(s).