Description

• Title:
  IMPACT OF COVID-19 ON PERFORMANCE ON INDIAN STOCK INDICES: A STUDY FOR NSE COMPOSITE AND SECTORAL INDICES
• Creator:
  Nisarg A. Joshi
• Description:
  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 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 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.
• Object availability:
  free access
• Rights: https://creativecommons.org/licenses/by-nd/4.0
• Date:
  2023.07.19
• Type:
  info:eu-repo/semantics/article;
  info:eu-repo/semantics/publishedVersion
• Language:
  English
• Source:
  Copernican Journal of Finance & Accounting; Vol. 11 No. 4 (2022); 125-146;
  Copernican Journal of Finance & Accounting; Tom 11 Nr 4 (2022); 125-146;
  2300-3065;
  2300-1240
• Format:
  application/pdf
• Publisher:
  Uniwersytet Mikołaja Kopernika w Toruniu
• Relation: https://apcz.umk.pl/CJFA/article/view/45200/36088
• Subject:
  COVID-19;
  volatility;
  index returns;
  NSE;
  sectoral indices;
  post-COVID-19
• Identifier: https://apcz.umk.pl/CJFA/article/view/45200
• Data provider:
  Akademicka Platforma Czasopism
• Can I use it?:
  check license
• Type:
  text