Impact of Covid19 lockdown on NSE India indexes

Authors

  • Priyo Basumatary
  • Dr. Siddharth Nayan Sharma
  • Dr. Balin Hazarika

Keywords:

Covid19, index price, abnormal return, lockdown, event study

Abstract

The covid19 pandemic had forced the Government of India to impose a nationwide lockdown. The present study aims to investigate the impact of lockdown on various NSE India indexes. Event study technique which is used to calculate the abnormal return of a stock has been used. The closing price of 11 NSE India indexes has been used for the analysis. A window period of (+40, -40) days pre and post the event day has been selected. Two-tailed test has been used to test the null hypothesis both at 5% and 1% level of significance. The result of the study shows that most of the indexes had abnormal returns.

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References

Books:

Hazarika, P. (Second edition), (2016) Essential statistics for economics and business studies, Akansa Publishing House, New Delhi (India).

Kevin, S. (Second edition), (2016) Security analysis and portfolio management, PHI Learning Private Limited, Kerala (India).

Web resources:

Covid 19. [Online] https://en.wikipedia.org/wiki/Coronavirus_disease_2019 (Accessed 6 October 2020).

Event study. [Online] https://en.wikipedia.org/wiki/Event_study (Accessed 6 October 2020).

Money control. [Online] https://www.moneycontrol.com/ (Accessed 6 October 2020).

NSE India. [Online] https://www.nseindia.com/(Accessed 6 October 2020).

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Published

2021-02-28

How to Cite

Basumatary, P. ., Sharma, D. S. N. ., & Hazarika, D. B. . (2021). Impact of Covid19 lockdown on NSE India indexes. The Journal of Contemporary Issues in Business and Government, 27(1), 4310–4323. Retrieved from https://cibgp.com/au/index.php/1323-6903/article/view/861

Issue

Vol. 27 No. 1 (2021): The journal of contemporary issues in business and government

Section

Articles

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