Covid-19 Lockdown and Its Effect on BSE Indexes: An Event Study
IUP Journal of Applied Finance
; 28(2):24-33, 2022.
Article
in English
| ProQuest Central | ID: covidwho-1904884
ABSTRACT
This paper scrutinizes the Indian stock market performance after the central government's announcement of lockdown on March 22,2020 due to the Covid-19 pandemic. The lockdown had different impacts on varied sectors which were considered for the study, namely, banking, oil and gas, healthcare, capital goods, Fast Moving Consumer Durables (FMCD), and small-cap and mid-cap segments. The data was collected from BSE indexes, and an event study with estimation window from May 14, 2019 to March 5, 2020, a period of 201 market working days, was considered. The findings reveal that small-cap, mid-cap, FMCD and healthcare sectors were most impacted by the nationwide lockdown and thus had abnormal returns, while the impact on other sectors like banking, oil and gas, and capital goods was not significant.
Business And Economics--Banking And Finance; Stock exchanges; Banking industry; Hypotheses; Securities markets; Abnormal returns; Pandemics; Small cap investments; Coronaviruses; COVID-19; Mid cap investments; Canada; Singapore; United Kingdom--UK; United States--US; China; Japan; Italy; France; India
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Collection:
Databases of international organizations
Database:
ProQuest Central
Type of study:
Experimental Studies
Language:
English
Journal:
IUP Journal of Applied Finance
Year:
2022
Document Type:
Article
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