Sectoral Performance of the Indian Stock Market During Covid-19

The present study investigates the impact of the Covid-19 pandemic on the performance of the Indian Stock Market with a special reference to sectoral indices of the Bombay Stock Exchange Ltd, the premier stock exchange of India. The study comprises two composite indices, namely BSE Sensex and BSE 500, and seven sectoral indices of BSE Ltd such as Information Technology, Bankex, Auto, Capital Goods, Health Care, FMCGs, Consumer Durables, and Real Estate. The secondary data has been taken into consideration to reach out the predefined objectives of the proposed study. The secondary data was collected from the official website of BSE Ltd and this data consists of the daily data of the BSE ltd starting from March 2019 to June 2021. To assess the impact of covid-19 on the Indian Stock Market, GLS regression, Pearson’s coefficient of correlation, standard deviation, skewness, and kurtosis are employed. From the analysis, it is found that BSE sensex has generated a few gains to the investors but losses in most of the cases. This phenomenon is quite reversal in the case of BSE 500. Further, it is also found that there is a strong and positive correlation between BSE health care sector and daily Covid-19 cases. Moreover, the reality sector is more sensitive against daily Covid-19 cases followed by FMCG and Health Care.