Abstract

The 2020 pandemic has shattered all most all the activities around the world, resulting to a great depression in the economy. Pandemic has poisoned all economic activities. The pandemic has affected public health in the country. If we make a keen look, every 10 years, there is some crash or scam happening in the country. However, after every crash if we make an analysis, there is a new revolution in the economy. The Harshad Mehta's scam which is one of the major scams in Indian share market history brought remarkable changes in banking sector, the Covid-19 crises has made India to depend immensely on technology which would otherwise not be possible in a country like India. With the spread of Covid virus across the country, the Government, after seeing the medical expert's opinion, announced nationwide lockdown to prevent the spread of the virus across the country. Life of millions of people was shattered as they could not earn their livelihood. Many youth lost their jobs, there was unemployment problem gearing up across the country. Due to the lockdown, the financial markets also reacted to the pandemic and there was lot of volatility in the share market. The present paper aims to examine the impact of Covid-19 on stock market volatility in India. The paper also considers some of the crashes that have happened in the past and to make a comparative study of various crashes with that of the Covid19 crash.

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